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Please indicate how the accounting equation is impacted by each of the following transactions. List the proper accounts under the appropriate categories and list the
Please indicate how the accounting equation is impacted by each of the following transactions. List the | ||||
proper accounts under the appropriate categories and list the dollar amounts (positive or negative) | ||||
underneath the accounts. 2 points each other than December 11th, which is worth 3 points (11 points total). | ||||
December 3rd | Purchased equipment for the following amount in cash: | |||
$2,880 | ||||
December 4th | Designed websites for Danah Co., on account, for the following amount: | |||
$1,680 | ||||
December 6th | Issued the following amount in common stock: | |||
$5,040 | ||||
December 11th | Purchased $1,500 of supplies, paying $500 in cash with the remainder on account. | |||
December 26th | Paid bill to Mustafa's Cleaning Crew for the following amount of work that was | |||
completed last month (the bill was received last month): | ||||
$720 | ||||
Transaction Date | Assets = | Liabilities + | Equity | |
December 3rd | ||||
December 4th | ||||
December 6th | ||||
December 11th | ||||
December 26th | ||||
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