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need help on this. Problem 2 (16 points) Directions: Every business transaction affects at least two accounts. This keeps the account- ing equation in balance.
need help on this.
Problem 2 (16 points) Directions: Every business transaction affects at least two accounts. This keeps the account- ing equation in balance. What effects do the following transactions have on each of the accounts listed in the table. Use a "+" (plus sign) to indicate an increase, a "-" (minus sign) to indicate a decrease, or "O" (zero) to indicate no change in the account. a Transactions: 1. The owner deposited $60,000 cash in the business bank account. 2. Wrote a check to pay the month's rent. 3. The owner invested a computer in the business. 4. Bought computer equipment on account. 5. Received a check from a customer for services. 6. The owner withdrew cash for personal use. 7. Sold one of the computers on account. 8. Paid cash for a computer. Cash in Computer J.R. Boudreau, Bank Receivable Equipment Payable Capital 1. Accounts Accounts Score 1. 2. 2. 3. 3. 4. 4. 5. 5. 6. 6 6. 7. 7. 8. 8 Step by Step Solution
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