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57 Write a brief explanation for each of the transactions. If several esplanatioms are roblem 18.2 ffect of Transactions concluded the following transactioms in the first munth: n Accounting Equationtn) Rina hrought in to the business her On Mareh 1, 20XX, Rina Motawala established an audit practice ss a wole propriet and (b) Provided services for cash, 223,000a (c) Bought office equipment on credit, 225(00 (e) Paid rent deposi clients for services, 1000 d)+ t for office, 710,000 D Collected payments from elienta in (di, 812,300, (g) Withdrew eash for personal use, 49,000. thi Paid electricity expense, 1,700 (i) Paid salary to office assistant, 2,000. Required Jr . Analyze the effect of the transactions on the accounting equation. On August 1, 20XX, Sriram set up Medi Labs Compary. The following transactions took place Problem 18.3 ffect of Transactions during the first month: n Accounting Equation (a) Sriram inseated 50,000 cash in the company's share capital. (b) Bought equipment on credit. 40,000. (c) Took a bank loan, 780,000 cited curou sd> Invoiced customers for servies, ?i5000..:. + (e) Provided services for cash, 18.000 (f) Bought supplies for eash, 3,000 (g) Paid staff salary, 10.000 th) Paid electricity chargea, 26,000. (i) Bommt equipment. Tor cash. 25,000 ) Repaid a part of the bank loan, 210,000. (k) Pind dividends, 5,000 Required Analyze the effect of the transactiona on the accounting equation e an architet. After one month, the business had the following ipment, balances: Cash, 20,000: Trade Receivables,000 Office Supplies, to 000; or took place in the second month: Eau Problem 18.4 Effect of Transactions de Payables, 29.000. Equity, Prasanna's Capital, 258,000. The following transactions (a) Billed clients for service, 9,000, (b) Paid assistant's salary, 2,500 (c) Provided services and received cash, 214,000. d) Collected paymenta due from elients, 26,000. (e) Bought equipment on credit, t11,000 15 Paid equipment supplier, 3,000 g) Paid electricity expense, 71,300 (h) Bought office supplies on eredit, 2,800. (i) Took a bank loan.15.000. 0) Bought office equipment for cash, 216,000 (k) Withdrew cash for personal use, 212,000. Required ning Analyze the effect of the transactions on the accounting equation. First enter the begin balances Problem 18.5 Eflects of Transactions on Accounting Equation and Preparation of On September 1, 20XX, Meera Kumar started Instaprogram Company to provide computer programming services. On September 30, the company had the following ba 10,000; Trade Receivables, ts,000: Computer Supplies, ?1,000,Ofice Trade Payables. 13.30. Share Capital, t24,500: Retained Earnings, Cash, ent, 235,000; 13,200. The following balances cial Statements transactions took place in October 20xx Finarncial Statements transactions took pl 57 Write a brief explanation for each of the transactions. If several esplanatioms are roblem 18.2 ffect of Transactions concluded the following transactioms in the first munth: n Accounting Equationtn) Rina hrought in to the business her On Mareh 1, 20XX, Rina Motawala established an audit practice ss a wole propriet and (b) Provided services for cash, 223,000a (c) Bought office equipment on credit, 225(00 (e) Paid rent deposi clients for services, 1000 d)+ t for office, 710,000 D Collected payments from elienta in (di, 812,300, (g) Withdrew eash for personal use, 49,000. thi Paid electricity expense, 1,700 (i) Paid salary to office assistant, 2,000. Required Jr . Analyze the effect of the transactions on the accounting equation. On August 1, 20XX, Sriram set up Medi Labs Compary. The following transactions took place Problem 18.3 ffect of Transactions during the first month: n Accounting Equation (a) Sriram inseated 50,000 cash in the company's share capital. (b) Bought equipment on credit. 40,000. (c) Took a bank loan, 780,000 cited curou sd> Invoiced customers for servies, ?i5000..:. + (e) Provided services for cash, 18.000 (f) Bought supplies for eash, 3,000 (g) Paid staff salary, 10.000 th) Paid electricity chargea, 26,000. (i) Bommt equipment. Tor cash. 25,000 ) Repaid a part of the bank loan, 210,000. (k) Pind dividends, 5,000 Required Analyze the effect of the transactiona on the accounting equation e an architet. After one month, the business had the following ipment, balances: Cash, 20,000: Trade Receivables,000 Office Supplies, to 000; or took place in the second month: Eau Problem 18.4 Effect of Transactions de Payables, 29.000. Equity, Prasanna's Capital, 258,000. The following transactions (a) Billed clients for service, 9,000, (b) Paid assistant's salary, 2,500 (c) Provided services and received cash, 214,000. d) Collected paymenta due from elients, 26,000. (e) Bought equipment on credit, t11,000 15 Paid equipment supplier, 3,000 g) Paid electricity expense, 71,300 (h) Bought office supplies on eredit, 2,800. (i) Took a bank loan.15.000. 0) Bought office equipment for cash, 216,000 (k) Withdrew cash for personal use, 212,000. Required ning Analyze the effect of the transactions on the accounting equation. First enter the begin balances Problem 18.5 Eflects of Transactions on Accounting Equation and Preparation of On September 1, 20XX, Meera Kumar started Instaprogram Company to provide computer programming services. On September 30, the company had the following ba 10,000; Trade Receivables, ts,000: Computer Supplies, ?1,000,Ofice Trade Payables. 13.30. Share Capital, t24,500: Retained Earnings, Cash, ent, 235,000; 13,200. The following balances cial Statements transactions took place in October 20xx Finarncial Statements transactions took pl