Business Description: Name: Auto$-$Computer System & Services Owner: Fernando Alexis

Installation and service provider to small businesses and individuals in automotive equipment and application configuration and installation. This for the period from December $1$ to December $31,2018.$

Transaction $($a$)12/1$

Mr$.$ Fernando Alexis deposited cash for $$80,000$ in the bank account in the name of Auto$-$Computer.

Transaction $($b$)12/4$

Auto$-$Computer purchases land for $$30,000$ with immediate payment.

Transaction $12/6$

Auto$-$Computer purchases office materials$/$supplies for $$3,700$ and the agreement is to pay them to the supplier in the near future as an accounts payable.

Transaction $($d$)12/11$

Auto$-$Computer receives fees for services provided of $$6,900.$

Transaction $($e$)12/13$

Auto$-$Computer had expenses$/$expense for wages$/$wages $$3,050,$ rent$/$rent $$600,$ utilities$/$utilities $$830$ and miscellaneous$/$miscellaneous for $$470.$

Transaction $($f$)12/17$

Auto$-$Computer paid part of its debt$/$account payable for $$900.$

Transaction $($g$)12/29$

At the end of the month, the equivalent of $$1,555$ remains from the materials$/$supplies purchased; It means that the equivalent of $$\_\_\_\_\_\_\_\_\_\_\_\_$ was consumed.

Transaction $($h$)12/31$

Fernando Alexis withdraws$/$withdrawls $$4,500$ for personal use.

Instructions:

$1.$ Read each transaction carefully and record appropriately in the attached report.

$3.$ Totalize all columns.

$4.$ Square the total Assets and compare with the sum of Liabilities $+$ Capital.

Financial year $($ACCOUNTING$)$; to record transactions that impact the Accounting Equation

Assets$/$assets $=$ Liabilities$/$liabilities $+$ Capital$/$owner$\text{'}$s equity