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ASSIGNMENT 1 ( 1 0 marks ) Mr Walt Disney started his own service company, Frozen Ice Ltd . , on February 1 , 2
ASSIGNMENT marks
Mr Walt Disney started his own service company, Frozen Ice Ltd on February The following transactions occurred during the month of February:
tableFeb Walt invested $ cash in the business.Feb Purchased $ of supplies using cash.Feb Received a bill of $ for advertising on Daily Tribune News website.Feb Performed $ of services on credit.Feb Walt withdrew $ cash for a personal lunch.Feb Paid of the amount due on Feb to Daily Tribune News.Feb Paid $ for electricity expenses.Feb Received $ for services performed on account on Feb Feb Purchased a printer worth $ on credit.Feb Walt invested $ cash in the business.
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Prepare a tabular analysis of the transactions listed above, including the balances at the end, to indicate the effect of each transaction on the accounting equation.
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