Effects of transactions according to the accounting equation

Instructions

https://nuc.instructure.com/courses/36915/files/8629735/download?download_frd=1

Exercise 1

Use the sheet identified as "Exercise 1" in the Excel document to answer the following question: Mention the financial statements used to perform an analysis of the financial situation and what information each one provides.

Exercise 2

Use the table provided in the Excel sheet identified as "Exercise 2, 3 and 4" to analyze the effect of the following transactions(owner's equity)on the accounting equation.

Mercedes Marn is the owner ofCleaning and More, an office cleaning company.A the end ofthe accounting period 31 December 2019,Cleaning andhad $ 225,000 in assets(assets)and $ 60,000 in liabilities(liabilities).

Exercise 3

Use the table provided in the Excel sheet identified as "Exercise 2, 3 and 4" to analyze and indicate the effect of the following transactions on the simple accounting equation.

Security and moreis managed by Manuel Ayala.During the month of January, the following transactions were recorded:

The company received cash for an owner investment of $ 25,000.

A credit customer was offered a service for $ 7,500.

Seguridad y mspaid an account he had on credit for $ 2,500.

$ 3,525 was received from the customer who had a credit account.

Equipment for security guards was purchased in cash for $ 22,100.

Exercise 4

Use the table provided in the Excel sheet identified as "Exercise 2, 3 and 4" to analyze and indicate the effect of the following transactions on the expanded accounting equation.

Contabilidad Expressis an accounting company operated by Orlando Rojas.At the end of April, the following transactions were recorded:

Advertisingexpensesof $ 3,500were paid.

A purchase of office supplies was made on credit for $ 4,000.

Services rendered to customers on credit were billed for $ 6,500.

A payment was received for a service rendered at the time of $ 1,000.

A payment for services rendered on credit was received for $ 2,500.