Question
Following is a list of events for Manning Cleaning for the month of April. April 1 Owner invested $10,000 cash and equipment valued at $25,000
Following is a list of events for Manning Cleaning for the month of April.
April 1 Owner invested $10,000 cash and equipment valued at $25,000 into the business.
3 Purchased $5,500 of equipment on account.
5 Purchased $400 of supplies for cash.
10 Bought a truck, paying $4,000 in cash and signing a note for $11,000.
14 Performed services for a customer for $1,850 cash.
15 Paid employee wages of $1,200.
18 Paid $2,000 on the equipment purchased on April 3.
24 Performed services for a customer on account, $2,500.
27 Collected $500 from the customer of April 24.
30 Owner withdrew $900 cash for personal use.
Use additions and subtractions to show the effects of each April transaction on the items in the equation. Use the formual Assets = Liabilities + Equity table.
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