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Check my work Required information [The following information applies to the questions displayed below.) On September 1, Pat Hopkins established Ona Cloud Corporation (OCC)
Check my work Required information [The following information applies to the questions displayed below.) On September 1, Pat Hopkins established Ona Cloud Corporation (OCC) as a provider of cloud computing services. Pat contributed $10,000 for 1,000 shares of OCC. On September 8, OCC borrowed $34,000 from a bank, promising to repay the bank in two years. On September 10, OCC wrote a check for $18,500 to acquire computer equipment. On September 15, OCC received $2,100 of supplies purchased on account and, on September 16, paid $2,600 for September rent. Through September 22, OCC provided its customers $8,950 of services, of which OCC collected $8,400 in cash. On September 28, OCC paid $425 for Internet and phone service this month. On September 29, OCC paid wages of $3,400 for the month. Finally, on September 30, OCC submitted its electricity meter reading online and determined that the total charges for the month will be $330. This amount will be paid on October 14 through a preauthorized online payment. Required: 1. Indicate the accounting equation effects of the September events, using table below. (Enter any decreases to account balances with a minus sign.) Part 1 of 3 Required: 1. Indicate the accounting equation effects of the September events, using table below. (Enter any decreases to account balances with a minus sign.) 16.66 points Assots Liabilities September 01 September 08 Cash Cash 10,000 eBook September 10 September 15 September 16 September 22 September 28 September 29 September 30 Stockhold Common Stock x 3 ser events, using table below. (Enter any decreases to account balances Liabilities 1,000 68 + Stockholders' Equity Common Stock < Prev 2 3 4 of 6 Next > stv B A 10,000 Check my work
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