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Help will thumbs up! NTER VERSION BACK ES Problem 1-4A Trocle Maye started her own consulting firm, Matrix Consulting, on May 1, 2017. The following
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NTER VERSION BACK ES Problem 1-4A Trocle Maye started her own consulting firm, Matrix Consulting, on May 1, 2017. The following transactions occurred during the month of May May 1 Trile Invested $6,000 cash in the business. 2 Paid $750 for office rent for the month 3 Purchased $500 of supplies on account 5 Paid $100 to advertise in the County News 9 Recelved $3,500 cash for services performed 12 Withdrew $1,000 cash for personal use. 15 Performed $4,900 of services on account 17 Paid $2,000 for employee salaries 20 Paid for the supplies purchased on account on May 3 23 Recelived a cash payment of $3,500 for services performed on account on May 15 26 Borrowed $4,500 frem the hank on a note payable 29 Purchased equipment for $4,000 on account 0 Paid $250 for utlities Show the effects of the previous transactions on the accounting equation.(f a transaction results in a decrease in Assets,Liabities or Owners Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See neustration ita fur example.) MATRIX CONSULTING Assets Accounts Notes Payable Owners Owner's Cash + + -Equipment Payable CapitalDrawingsRevenues Supplies Expenses Step by Step Solution
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