Question
EZ Copy had the transactions listed below during the month of June. TRANSACTIONS 1. John Amos started the business with a cash investment of $60,000.
EZ Copy had the transactions listed below during the month of June. TRANSACTIONS 1. John Amos started the business with a cash investment of $60,000. 2. Purchased equipment for $22,000 on credit. 3. Performed services for $3,100 in cash. 4. Purchased additional equipment for $4,600 in cash. 5. Performed services for $5,050 on credit. 6. Paid salaries of $4,450 to employees. 7. Received $3,200 cash from charge account customers. 8. Paid $13,000 to a creditor on account. Show how each transaction would be recorded in the accounting equation. (Enter decreases to account balances with a minus sign.)
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