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CASH + ACCTS REC SUPPLIES+ EQUIPMT = ACCTS PAY NOTES PAY WALL CAP Remarks for OE A=L+OE? 1. Owner Investment TRUE cells. Insert the
CASH + ACCTS REC SUPPLIES+ EQUIPMT = ACCTS PAY NOTES PAY WALL CAP Remarks for OE A=L+OE? 1. Owner Investment TRUE cells. Insert the appropriate numbers in the GREEN Totals 0 0 0 0 0 0 TRUE The A=L+OE indicators should all be TRUE. TRUE 2. Totals 0 0 0 0 = 0 0 0 TRUE The financial statements below are AUTOMATICALLY GENERATED. TRUE 3. Totals 0 0 0 0 0 0 TRUE When done, save your file and submit through Canvas. Look for the link: Submit Wall Table Problem. 4. Rent Expense TRUE Totals 0 0 0 0 = 0 0 0 TRUE 5. Totals 0 0 0 0 0 0 Consulting Revenu TRUE TRUE 6. Owner Withdrawal TRUE Totals 0 0 0 0 = 0 0 0 TRUE 7. Utilities Expense TRUE Totals 0 0 0 0 0 0 0 TRUE 0 0 0 8. Totals 0 0 0 0 TRANSACTIONS: 1. Wall began the business with an investment of $40,000 cash. 2. Wall purchased supplies on account for $2,500 TRUE TRUE 3. Wall purchased equipment in the amount of $14,000 signing a note payable for the entire amount. 4. Wall paid rent expense, in cash, of $1,700. Note: be sure to use minus signs for decreases! 5. Wall provided consulting services to a customer for $5,000 on account. 6. Wall withdrew cash in the amount of $1,600 for personal use Note: be sure to use minus signs for decreases! 7. Wall paid utilities expense in the amount of $600 in cash. Note: be sure to use minus signs for decreases! 8. Wall received cash on account from customers in the amount of $3,000 IS CONSULTING REVENUE 0 OE BEGINNING CAPITAL 0 RENT EXPENSE 0 + NET INCOME 0 UTILITIES EXPENSE 0 SUBTOTAL 0 NET INCOME 0 - DRAWINGS 0 ENDING CAPITAL 0
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