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ine Business Center naa the transactions listed below during the montn or June. TRANSACTIONS 1. Jesse Campbell started the business with a cash investment
ine Business Center naa the transactions listed below during the montn or June. TRANSACTIONS 1. Jesse Campbell started the business with a cash investment of $120,000. 2. Purchased equipment for $44,000 on credit. 3. Performed services for $6,200 in cash. 4. Purchased additional equipment for $9,200 in cash. 5. Performed services for $10,100 on credit. 6. Pald salaries of $8,900 to employees. 7. Received $6,400 cash from charge account customers. 8. Paid $26,000 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. Assets Liabilities Owner's Equity Cash Accounts Receivable Jesse Equipment Accounts Payable Campbell, Revenue Expenses Capital 1 2 3. 4 5. 6 7 8 Totals
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