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John Amos started the business with a cash investment of $43,000. Purchased equipment for $13,500 on credit. Performed services for $3,800 in cash. Purchased additional
- John Amos started the business with a cash investment of $43,000.
- Purchased equipment for $13,500 on credit.
- Performed services for $3,800 in cash.
- Purchased additional equipment for $2,900 in cash.
- Performed services for $4,200 on credit.
- Paid salaries of $3,600 to employees.
- Received $1,500 cash from charge account customers.
- Paid $6,200 to a creditor on account.
The Copy Center had the transactions listed above during the month of June.
Show how each transaction would be recorded in the accounting equation. (Enter decreases to account balances with a minus sign.)
make a chart...
Cash Accounts Receivable Equipment Accounts Payable John Amos Capital Revenue Expenses
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