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Accounting equation should total $9,400 Jason Adams opened an accounting office on March 1st. During the first month of business, the following transactions occurred. 1.

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Accounting equation should total $9,400

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Jason Adams opened an accounting office on March 1st. During the first month of business, the following transactions occurred. 1. March 1st: Jason Adams invested $5,000 in his new business. 2. March 1st: Paid $750 for office rent for the month of March. 3. March 3rd: Purchased office equipment for $500 cash. 4. March 8th: Borrowed $5,000 cash from the bank as a note payable. 5. March 10: Performed $500 of accounting services on account. 6. March 13th: Performed $300 of accounting services, being paid cash. 7. March 20th: Received payment in cash from the March 10th transaction. 8. March 25th: Purchased $200 office supplies on account. 9. March 31st: Paid the following expenses: utilities $150, advertising expenses of $200. 10. March 31st: Jason withdrew $500 for personal use. In this template , record each transaction in the accounting equation using the following account titles: Cash, Accounts Receivable, Office Supplies, Office Equipment, Accounts Payable, Notes Payable, Owner's Capital, Owner's Withdrawals, Service Revenue, Expenses. Check your work! The accounting equation total of $9,400 will mean you have completed all transactions perfectly

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