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Determine what accounts are affected by what amounts and indicate whether it is an increase (+), decrease (-), or there is no effect (0) in

Determine what accounts are affected by what amounts and indicate whether it is an increase (+), decrease (-), or there is no effect (0) in each of the following cases.

Sept. 6 Invested $35,000 cash and $2,000 of supplies into the start-up of the business

Sept. 8 Received $21,000 cash for lawn care services provided to customers

Sept. 10 Purchased machinery on account for $18,500 from Sears Corporation

Sept. 12 Paid $3,750 for supplies bought Sept. 15 Paid $17,500 for land acquired

Sept. 17 Paid $10,000 on account for the machinery previously purchased from Sears

Sept. 19 Paid telephone bill for $1,000 Sept. 21 Paid $1,500 for supplies

Sept. 21 Paid $3,500 for additional machinery

Sept. 22 Received $23,500 for services rendered

Sept. 26 Withdrew $10,000 cash for personal use

Sept. 30 The inventory of supplies showed a balance of $3,000 on hand

Instructions:

You are required to record the effect of each transaction in the table provided below.

Question 1 (Worksheet)

Record the effect of each transaction in the following table:

Cash

Supplies

Equipment

Land

Accounts Payable

Capital

Sept. 6

Sept. 8

Sept. 10

Sept. 12

Sept. 15

Sept. 17

Sept. 19

Sept. 21

Sept. 21

Sept. 22

Sept. 26

Sept. 30

URGENT: NEED ANSWER ASAP

PLEASE RESPOND WITH COPY AND PASTE, NOT ATTACHMENT USE ORIGINAL CONTENT NOT USED BEFORE ON CHEGG

PLEASE ANSWER THROUGHLY TO ALL ANSWER TO BEST ABILITES ORIGINAL SOURCE NEVER USED BEFORE!!!

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