Item

1

12

points

Item1

Item 1 12 points

The Copy Center had the transactions listed below during the month of June.

TRANSACTIONS

1. John Amos started the business with a cash investment of $40,000.
2. Purchased equipment for $12,000 on credit.
3. Performed services for $4,100 in cash.
4. Purchased additional equipment for $2,600 in cash.
5. Performed services for $4,050 on credit.
6. Paid salaries of $3,450 to employees.
7. Received $1,200 cash from charge account customers.
8. Paid $5,000 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.)