1. AA received investment of $15,000 cash in exchange for $15,000 of common stock
2. AA purchases computer equipment for $5,000 cash
3. AA purchases supplies for $5,000 on account
4. AA receives $1,200 cash from customers for catering services
5. AA receives a bill for $250 from BB for advertisement
6. AA provides catering services of $3,500. Cash of $1,500 is received from customers, and the balance of $2,000 is billed to customers on account

Asset

=

Liability

+

Equity

Cash

Equip.

Supplies

Accounts Receivable

Accounts Payable

C/S

Retained Earnings

1

2

3

4

5

6

Total

Total Asset	=	Total Liability	+	Total Equity