NEEDEN INFORMATION.

Zcom Inc. began operations on January 1, 2014. The transactions for the first month follow.

• A shareholder paid Zcom Inc. $60,000 cash for share capital in the business.
• A client rented equipment for $5,000 cash.
• Zcom Inc. collected $700 for commissions earned today.
• Zcom Inc. purchased $700 of supplies on credit.
• Provided consulting services to a customer and collected $200.
• Zcom Inc. paid this month's $450 utilities bill received today.
• The $1,000 bill for the advertising campaign that ran last week was received today. It will be paid within 30 days.
• Zcom Inc. bought $900 of supplies paying $200 cash and $700 on account.
• Zcom Inc. paid $600 for supplies purchased today.
• Zcom Inc. paid dividends of $1,700 to the shareholders.

Dear tutor.

I need to learn

• what two WORDS/variables I must put in under assets.
• what one WORD/ variable must go under liability.
• What is the WORDS/explanation of the action.

POSSIBLE INPUTS

Accounts payable

Accounts receivable

Advertising Expense

Building

Cash

Commissions Earned

Consulting Revenue Earned

Dividends

Equipment

Furniture

Insurance Expense

Interest Payable

Investment

Land

Notes Receivable

Office Salaries Expense

Office Supplies Expense

Rent Earned

Rent Expense

Retained Earnings

Short Term Notes Payable

Store Supplies Expense

Supplies

Utilities Expense

NOW

As for the monetary values.

I put in what I think MAY be correct but NOTHING on this chart is for sure, it is just my best guess.

my responses would beA1, A2, A3, A4, A5

And that is the results going left to right.