Mello Stafford operates an interior design studie called Staffed Design Studio The following amounts summarize the financial position of the business en April 30, 2028 (Click the icon to view the financial position) During May 2020, the company did the following (Click the icon to view the transactions) Besked Requirement 1. Analyze the effects of the above transactions on the accounting equation of Stafford Design Studio Complete an analysis of the transactions for each leter shown, and then total the balance of each account at the bottom of a box Enter decreases with a minus sign or parentheses Assets Tal Accounts +Receivable Supple Cash 43.000. 36.000. . 0+ . Land 104000- Labilties Accounts Payute . 35,000+ Owner's Equity M. Stafford Capital 140 000 Type of Owner's Equity train Transactions a Stafford received $22.000 account bPad the beginning balance of accounts payable Pated services for a client and received cash of $6.000 d Collected cash from a patemer on account, $5.000 Purchased supplies on account $3,000 Consulted on the interior design of a major ice building and billed the client services rendered $25.000 gift and deposted the canines g Rocarded the following business expenses for the menth (1) Paid office assistants thuir salanes for the month $6.200 (2) Paid ading-55.200 E X Sold supplies to another interior designet for $2.200 cash, which was the cost of the supplies Stafford withdrew $7.500 cash for personal use Mello Stafford operates an interior design studie called Staffed Design Studio The following amounts summarize the financial position of the business en April 30, 2028 (Click the icon to view the financial position) During May 2020, the company did the following (Click the icon to view the transactions) Besked Requirement 1. Analyze the effects of the above transactions on the accounting equation of Stafford Design Studio Complete an analysis of the transactions for each leter shown, and then total the balance of each account at the bottom of a box Enter decreases with a minus sign or parentheses Assets Tal Accounts +Receivable Supple Cash 43.000. 36.000. . 0+ . Land 104000- Labilties Accounts Payute . 35,000+ Owner's Equity M. Stafford Capital 140 000 Type of Owner's Equity train Transactions a Stafford received $22.000 account bPad the beginning balance of accounts payable Pated services for a client and received cash of $6.000 d Collected cash from a patemer on account, $5.000 Purchased supplies on account $3,000 Consulted on the interior design of a major ice building and billed the client services rendered $25.000 gift and deposted the canines g Rocarded the following business expenses for the menth (1) Paid office assistants thuir salanes for the month $6.200 (2) Paid ading-55.200 E X Sold supplies to another interior designet for $2.200 cash, which was the cost of the supplies Stafford withdrew $7.500 cash for personal use
