Katie's Wedding Planning Service completed the following transactions:

a. Billed clients for service, $1,250.

b. Completed work for clients who paid $500 cash.

c. Received a bill for utilities to be paid later, $120.

d. Collected cash on account from clients, $700.

e. Paid the amount due for utilities.

f. Withdrew $500 cash for personal use.

Required: Record the above transactions in the expanded accounting equation. Note that the items have beginning balances.

Katie's Wedding Planning Service

		ASSETS	=	LIAB.	OWNER'S EQUITY
	Cash +	Accts.Rec.	=	Accts Payable	Katie, Capital	+Rev.	-Exp.	-Katie, With.
beg.	$ 800	$ 85	=	$300	$235	$ 900	$400	$150
a.
b.
c.
d.
e.
f.
Total