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AS Company is a company dedicated to removals. Its owner, Andrs Santiago, began operations in November. Analyze and record the following business transactions in the
AS Company is a company dedicated to removals. Its owner, Andrs Santiago, began operations in November. Analyze and record the following business transactions in the expanded accounting equation (indicates increase + and decrease -):
- Andrs Santiago made an investment of $ 50,000 in the business.
- He paid $ 3,600 for business rent for a full year.
- He offered $ 5,000 in cash from his clients, for services already performed at the time and invoiced.
- He charged services for $ 2,500 in cash.
- He paid $ 1,200 for the monthly water and light bills.
- He withdrew $ 250 from the business account for personal use.
- He charged $ 1,000 for services billed on Day 3.
- He bought a land valued at $ 30,000, for which he paid $ 15,000 in cash and the rest went on credit with a guaranteed loan.
- He bought office equipment for $ 2,500 in cash.
- Purchased weighing equipment for $ 5,000, on credit
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