E2 7 (LO 1,2) Halladay Enterprises had the following selected transactions 1 Bo Halladay invested $4,000 cash in the business 2 Paid office rent of $840 3 Performed consulting services and billed a client $5,200 4 Bo Halladay withdrew $750 cash for personal use Instructions a Indicate the effect each transaction has on the accounting equation (Assets Liabilities Owner's Equity), using plus and minus signs b Journalize each transaction (Omit explanations ) E2 7 (LO 1, 2) Halladay Enterprises had the following selected transactions 1 Bo Halladay invested $4,000 cash in the business 2 Paid office rent of $840 3 Performed consulting services and billed a client $5,200 4 Bo Halladay withdrew $750 cash for personal use Instructions a Indicate the effect each transaction has on the accounting equation (Assets Liabilities Owner's Equity), using plus and minus signs b Journalize each transaction (Omit explanations )

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E2.7 (LO 1,2) Halladay Enterprises had the following selected transactions. 1. Bo Halladay invested $4,000 cash in the business. 2. Paid office rent of $840.

E2.7 (LO 1,2) Halladay Enterprises had the following selected transactions. 1. Bo Halladay invested $4,000 cash in the business. 2. Paid office rent of $840. 3. Performed consulting services and billed a client $5,200. 4. Bo Halladay withdrew $750 cash for personal use. Instructions a. Indicate the effect each transaction has on the accounting equation (Assets = Liabilities + Owner's Equity), using plus and minus signs. b. Journalize each transaction. (Omit explanations.)

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E2.7 (LO 1, 2) Halladay Enterprises had the following selected transactions. 1. Bo Halladay invested $4,000 cash in the business. 2. Paid office rent of $840. 3. Performed consulting services and billed a client $5,200. 4. Bo Halladay withdrew $750 cash for personal use. Instructions a. Indicate the effect each transaction has on the accounting equation (Assets = Liabilities + Owner's Equity), using plus and minus signs. b. Journalize each transaction. (Omit explanations.)