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ailin Moon is a freelance writer who submits articles to various magazines and newspapers. She operates out of a s e employs one administrative assistant.
ailin Moon is a freelance writer who submits articles to various magazines and newspapers. She operates out of a s e employs one administrative assistant. The following activities occurred during March her first month of bus
Moon invested $ worth of equipment into her business along with $ cash.
Submitted a series of articles to The Globe and Mail and received $ cash.
Purchased supplies on credit; $
Paid the parttime administrative assistant's salary of $
Moon ordered $ of office equipment from the IKEA catalogue. It is scheduled to arrive in April or May.
Paid the rent for the first month; $
Submitted an article to Report on Business, will receive $ next month.
ow the effects of the activities listed in a through g For each transaction that affects equity, select, the appropria side it owner investment, owner withdrawal, revenue, rent expense, and salaries expenseEnter af amounts as transactionevent does not affect equity or does not require a journal entry, select No Affect on Equity" in th uity transaction' field.
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