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Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Use the following? accounts: Cash, Accounts? Receivable, Supplies,
Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Use the following? accounts: Cash, Accounts? Receivable, Supplies, Office? Furniture, Accounts? Payable, Common? Stock, Dividends, Rental? Revenue, and Rent Expense. Transaction? (a) is answered as a guide.a.Received cash of $ 10 comma 000 from issuance of common stock.b.Earned video rental revenue on? account, $ 2 comma 800.c.Purchased office furniture on? account, $ 300.d.Received cash on? account, $ 400.e.Paid cash on? account, $ 100.f.Rented videos and received cash of $ 200.g.Paid monthly office rent of $ 1 comma 000.h.Paid $ 100 cash to purchase office supplies.Part 1a. Received cash of $ 10 comma 000 from issuance of common stock.? (Transaction (a) is answered as a? guide.)a.Increase asset(Cash);Increase equity(Common Stock) Part 2b. Earned video rental revenue on? account, $ 2 comma 800
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