Question
a. K. Spade, owner, invested $100,750 cash in the company. b. The company purchased supplies for $1,250 cash. c. The company purchased $10,050 of equipment
a. K. Spade, owner, invested $100,750 cash in the company.
b. The company purchased supplies for $1,250 cash.
c. The company purchased $10,050 of equipment on credit.
d. The company received $15,500 cash for services provided to a customer.
e. The company paid $10,050 cash to settle the payable for the equipment purchased in transaction
f. The company billed a customer $2,700 for services provided
g. The company paid $1,225 cash for the monthly rent
h. The company collected $1,125 cash as partial payment for the account receivable created in transaction
i. Spade withdrew $10,000 cash from the company for personal use.
Can someone PLEASE tell me what I'm doing wrong here? The first time I did the exercise and checked my work, I had put $100,750 in rowa., under "debit," and the second time (pictured) I put $100,750 under "credit" and I was still wrong...why???? I understand that I typed some numbers in wrong, but I'm really confused about the first row,
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