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Calculator Effect of Transactions on Accounting Equation Jay Pembroke started a business. During the first month (April 20-, the following transactions occurred. a. Invested cash
Calculator Effect of Transactions on Accounting Equation Jay Pembroke started a business. During the first month (April 20-, the following transactions occurred. a. Invested cash in business, $18,167 b. Bought office supplies for $4,527: $1,840 in cash and $2,687 on account. c. Paid one-year insurance premium, $1,108. d. Earned revenues totaling $3,272: $1,154 in cash and $2,118 on account. e. Paid cash on account to the company that supplied the office supplies in transaction (b), $2,385. Paid office rent for the month, $894. g. Withdrew cash for personal use, $139. Required Show the effect of each transaction on the individual accounts of the expanded accounting equation: Assets - Liab Revenues - Expenses). After transaction (a), report the totals for each element. Use the minus sign to indicate a dec amount box does not require an entry, leave it blank. Assels Liabilities + Owner's Equ (Amts owed)(Owner's Investment) (Items Owned) Office PrepaidAccounts Pembroke, Accounts Cash + t Pembroke, -Pembroke, + Re Receivable Supplies Insurance Payable Capital Drawing DELL Fe F10 F11F12 PrtScr ese 5 6 7 8 9 G HJK L
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