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Exercise 2 (7 pts) Mr Fanny asks you to record the following transactions related to his business Digit Transform for June (service company) in the
Exercise 2 (7 pts) Mr Fanny asks you to record the following transactions related to his business Digit Transform for June (service company) in the accounting equation and to determine the balance of each account at the end of the period. June.1 Mr Fanny brings $110 000 cash to create his business Digit Transform. He sold his personal investment in eBay stock, which he had owned for several years, receiving $ 33 000 cash 2 Deposited the 33 000 cash from the sale of the eBay stock in his bank account titled Mr Fanny. 3 Contributed $108 000 cash in his business bank account titled Digit Transform and bought by cash a computer for $11 000 and a software for $10 300 5 Paid $10 400 cash for some office supplies that Mr Fanny will use immediately. 7 Purchased a machinery for $16 300, agreeing to pay cash $12 000 and the remaining within three months 9 Received $17 400 cash from customers for services rendered 15 Received the electricity bill, $10 900 and at the same date he pays the wages of his employees, $23 200 23 Performed services for a client and billed him for the services, $14 500 28 Mr Fanny withdrew cash of $13 000 30 Received and paid Taxes and similar expenses, $11 800 30 Received $12 000 cash from clients billed on June 23 30 Paid the electricity bill received 9
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