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At the end of April,Romeo Furnam of Corner Brook decided to open his own computer service, Furnam Computer Service.Analyze the following transactions he completed by
At the end of April,Romeo Furnam of Corner Brook decided to open his own computer service, Furnam Computer Service.Analyze the following transactions he completed by recording their effects in the expanded accounting equation.
Record the effects of each transaction in the expanded accounting equation. Recalculate new balances for all accounts after entering each transactic empty, do not enter a zero. For accounts with a $0 balance, make sure to enter "O" in the appropriate cell. Use parentheses or a minus sign for decre a. Invested $35,000 in his computer service. b. Bought new computer equipment on account, $5,500 c. Received cash for computer services rendered, $1,150. Assets = Liabities + Owner's Equity. Ask my instructor a) Invested $35,000 in his computer service
B)Bought new computer equipment on account for $5,500
C) Recieved cash for computer services rendered, $1,150
D)Preformed comouter servies on account for $2,600
E) Paid part-time secretary's salary $250
F) Paid office suppliesexpense for the month $175
G) Rent wxpense for office due but not paid yet $1,300
H) Romeo Furnam withdrew cash for oersonal use$550
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