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I need the answer in an hour, please. Thanks AS Company is a company dedicated to removals. Its owner, Andres Santiago, began operations in November.
I need the answer in an hour, please. Thanks
AS Company is a company dedicated to removals. Its owner, Andres Santiago, began operations in November. Analyzes and records the following business transactions in the accounting equation (indicates increase + and decrease -) and in the Journal (account affected by debt and credit):
- Andrs Santiago made a $ 12,000 investment in the business.
- He paid $ 3,600 for business insurance for a full year.
- He collected $ 5,000 in cash from his clients, for services already made at the time.
- He offered credit services of $ 2,500, and invoiced them to customers.
- He paid $ 1,000 for the monthly water and electricity bills.
- Withdrew $ 200 from the business account for personal use.
- Charged $ 1,000 for services billed on day 4.
- Heboughtlandvaluedat$30,000,forwhichhepaid$10,000incashandtherestwentoncreditwithaguaranteednote.
- Heboughtofficeequipmentfor$2,500incash.
- Purchased weighing equipment for $ 5,000, on credit
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