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Accounting homework! Please fill out! The first picture is to help fill out the chart! I need the chart filled out! Thanks! Example: Investors purchased

Accounting homework! Please fill out! The first picture is to help fill out the chart! I need the chart filled out! Thanks! image text in transcribed
image text in transcribed
Example: Investors purchased common stock in APRIL for $1,000 cash Answer: Assets (cash) increased Owners' equity (common stock) increased a. APRIL borrowed $6,400 from the bank on a note. b. APRIL purchased a desk and two chairs for $1,600 cash. c. APRIL purchased supplies on account for $700. d. APRIL provided services to others for $8,300 cash. e. APRIL provided services to others for $2,900 on account APRIL paid $690 cash for a newspaper ad. owed due to the services g. APRIL collected $900 of the money it was provided in e. created in c. h. APRIL paid off $280 of its supplies account cash. i. APRIL paid its utility bill in the amount of$240 j. APRIL paid a dividend to its investors in the amount of $400 cash of k. APRIL paid off half its bank note from a by giving the bank $3,200 of common stock. Chapter 1 Section B

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