Effects of Transactions $($Revenue$,$ Expense, Withdrawals$)$

The following transactions took place during March. Those accounts that have beginning balances are given.

$($a$)$ Performed services and received cash, $$3,300.$

$($b$)$ Paid rent for March, $$960.$

$($c$)$ Paid March phone bill, $$70.$

$($d$)$ Withdrew cash for personal use, $$800.$

$($e$)$ Performed services for clients on account, $$950.$

$($f$)$ Paid wages to part$-$time employee, $$500.$

$($g$)$ Received cash for services performed on account in transaction $($i$),$ $$500.($Enter the change in Cash on the first line and the change in other accou

Effects of Transactions $($Revenue$,$ Expense, Withdrawals$)$

The following transactions took place during March. Those accounts that have beginning balances are given.

$($a$)$ Performed services and received cash, $$3,300.$

$($b$)$ Paid rent for March, $$960.$

$($c$)$ Paid March phone bill, $$70.$

$($d$)$ Withdrew cash for personal use, $$800.$

$($e$)$ Performed services for clients on account, $$950.$

$($f$)$ Paid wages to part$-$time employee, $$500.$

$($g$)$ Received cash for services performed on account in transaction $($i$),$ $$500.($Enter the change in Cash on the first line and the change in other account on the

second line.$)$

Those accounts that have beginning balances are given. Show the effect of each transaction on the basic elements of the expanded accounting equation: Assets $=$

Liabilities $+$ Owner's Equity $($Capital $-$ Drawing $+$ Revenues $-$ Expenses$).$ Use the minus sign to indicate a decrease or reduction in the account. After transaction $($ k $),$

report the totals for each element. If an amount box does not require an entry, leave it blank.

Owner's Equitynt on the

second line.$)$

Those accounts that have beginning balances are given. Show the effect of each transaction on the basic elements of the expanded accounting equation: Assets $=$

Liabilities $+$ Owner's Equity $($Capital $-$ Drawing $+$ Revenues $-$ Expenses$).$ Use the minus sign to indicate a decrease or reduction in the account. After transaction $($ k $),$

report the totals for each element. If an amount box does not require an entry, leave it blank.

Owner's Equity