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Can you help me fill in the blank for s1-7, and s-9 ****s-1-7 Assets $42,600 Liabilities 17,220 Josh, Capital 26,240 Josh, Withdrawals 8,500 Revenues 12,080

Can you help me fill in the blank for s1-7, and s-9 ****s-1-7

Assets

$42,600

Liabilities

17,220

Josh, Capital

26,240

Josh, Withdrawals

8,500

Revenues

12,080

Expenses

?

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image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

S1-9

a.

Received

$ 520

cash for service revenue earned.

b.

Paid$325 cash for salaries expense.

c.

Maxdalecontributed

$ $1,000

to the business in exchange for capital.

d.

Earned $ 640

for service revenue, but the customer has not paid Tiny TownTiny Town Kennel yet.

e.

Received utility bill of

$ 85which will be paid next month.

f.

Maxdale

withdrew

$100

cash.
Homework: Chapter 1 Score: 0 of 2 pts S1-9 (book/static) Tiny Town Kennel earns service revenue by caring for the pets of customers Tiny Town Kennel is owned and operated by Edward Maxdale. D i (click the icon to view the transactions) Indicate the effects of the business transactions on the accounting equation for Tiny Town Kennel Transaction (a) answered as a guide is a. Received $520 cash for service revenue earned Increase equity (Service Revenue) a. Increase asset (cash) b. Paid $325 cash for salaries expense. b

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