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Account for the effect of the following transactions on the accounting equation for Sonoran. Account Debit Account Credit Mame Amount Name Amount Initial investment by
Account for the effect of the following transactions on the accounting equation for Sonoran. Account Debit Account Credit Mame Amount Name Amount Initial investment by Jannelle Richards, $25,9eo. Purchased office supplies for $1,588, on credit. Paid $4,533 on a 6month office rental contract. Purchases $9,986 of furniture, on account. Paid $6,38B for a new computer [Equipment]. Received $9,686 in cash from. Sales on account totaled $5,1B. Received $3,386 cash advance from a customer. Paid assistant $1,638 for 2-weeks wages. 1e. Paid telephone bill for the month of $355. 11. Received utility bill from APS for SEES. 12. Collected cash from credit sales of $3,298. 13. Recorded rental expense for first month, $?5E. 14. Received $5,9pe in cash from sales. 15. Paid assistant $1,9EG for 2-weeks wages. 15. Paid vendor $5,9oe on account. 17. withdrew $12,eeo for personal use. @thMI-l
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