P1-3B. Rick Fox of Corner Brook decided to open his own desktop publishing company at the end of November. Analyze the following transactions by recording their effects in the expanded accounting equation:

Rick Fox invested $9,000 in the desktop publishing business.

Purchased new office equipment on account, $3,000.

Received cash for desktop publishing services rendered, $1,290.

Paid part-time secretarys salary, $625.

Billed customers for desktop publishing services rendered, $2,690.

Paid rent expense for the month, $500.

Rick withdrew cash for personal use, $350.

Advertising expense due but not yet paid, $100.

RICK FOX DESKTOP PUBLISHING

ASSETS

=

LIABILITIES+ OWNER'S EQUITY

Accounts

Office

Accounts

R. Fox,

R. Fox,

Service

Cash

+

Receivable

+

Equipment

=

Payable

+

Capital

-

Withd.

+

Revenue

-

Expenses

A.

BALANCE

B.

BALANCE

C.

BALANCE

D.

BALANCE

E.

BALANCE

F.

BALANCE

G.

BALANCE

H

ENDING BALANCE