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portal/site/e98a137e-d8ae-4cc6-9c8e-2b8c209ddb3c/tool/bba28994-1965-4d4e-bf1a-303a68c2050a/jsf/delivery/deliverAssessment MIA Format Oratio. - Fashion Nova fash. E nked Out Kicks P. D Ubrary Genesis WileyPlus Part 2 of 2 - PROBLEMS & EXERCISES

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"portal/site/e98a137e-d8ae-4cc6-9c8e-2b8c209ddb3c/tool/bba28994-1965-4d4e-bf1a-303a68c2050a/jsf/delivery/deliverAssessment MIA Format Oratio. - Fashion Nova fash. E nked Out Kicks P. D Ubrary Genesis WileyPlus Part 2 of 2 - PROBLEMS & EXERCISES PLEASE READ AND FOLLOW ALL INSTRUCTIONS CAREFULLYI Question 28 of 30 15 Points Neil's Networking is a sole proprietorship business run by Neil Peart. During its first month of operations, the following transactions occurred: 1. Neil starts the business by investing cash of $5,000 and equipment worth $10,000 2. Neil purchased equipment for $5,000. He paid $1,000 cash and signed a note payable for the remaining $4,000. 3. Neil incurred $600 in advertising expense. He opened an account with the local advertising firm. The advertising firm will bill him for the ads. 4. Neil provided $3,400 of services for several customers. Tom received $1,400 in cash and the rest was billed on account 5. Nel received a $1.000 deposit from a customer to install a new server: the job will be done next week. 6. Neil withdrew $200 for personal use. 7. Neil paid the advertising bill (item 3) with cash. 8. Neil paid $2,000 for office rent: $1,000 for the current month and $1,000 as prepayment for next month 9. Customers (from 4) paid $700 to pay down their balance owing to Neil 10. Neil completed the tree trimming job (from #5) and received the $800 balance due on the job. Required: Using the table provided here, show how each transaction affects the accounting equation. You need not indicate the specific accounts affected. Only enter ONE AMOUNT that is the total net amount by which each component of the equation increases or decreases. DO NOT USE COMMAS, DOLLAR SIGNS, OR ANY OTHER SPECIAL CHARACTERS WHEN ENTERING MONETARY AMOUNTS AND ONLY ENTER AMOUNTS IN DOLLARS (eg, enter 100 not 100.00) ENTER INCREASES AS POSITIVE NUMBERS AND ENTER DECREASES AS NEGATIVE NUMBERS (e. if an equation component decreases by S100, enter -100" (without the quotation marks). When a component of the accounting equation is not affected at all. type in "NA" (used this exact wording, without the quotations). Ifa comment of the count increases and decreases by the same amount type in "Net Zero Chance" (use this exact B Brock Scal: CIG-2P51-Dox w at m et Google x vote payable asset or ability Sortal/site/e98a137e-dae-4cc6-9c8c-2b8c209ddb3c/tool/bba28994-1965-4dde bf1a-303a68c2050a/jsf/delivery/deliverAssessment MA Format Citatio. - Fashion Nowak. E nked Out Kicks P. Ubrary Genesis Weylus Required: Using the table provided here, show how each transaction affects the accounting equation. You need not indicate the specific accounts affected. Only enter ONE AMOUNT that is the total amount by which each component of the equation increases or decreases. DO NOT USE COMMAS, DOLLAR SIGNS, OR ANY OTHER SPECIAL CHARACTERS WHEN ENTERING MONETARY AMOUNTS AND ONLY ENTER AMOUNTS IN DOLLARS (e. enter 100 not 100.00). ENTER INCREASES AS POSITIVE NUMBERS AND ENTER DECREASES AS NEGATIVE NUMBERS (e.g. if an equation component decreases by S100, enter"-100" (without the quotation marks). When a component of the accounting equation is not affected at all, type in "NA" (used this exact wording, without the quotations). If a component of the equation increases and decreases by the same amount type in "Net Zero Change" (use this exact wording. Item ASSETS LIABILITIES + OWNER'S EQUITY 15000 10000 5000 4000 "portal/site/e98a137e-d8ae-4cc6-9c8e-2b8c209ddb3c/tool/bba28994-1965-4d4e-bf1a-303a68c2050a/jsf/delivery/deliverAssessment MIA Format Oratio. - Fashion Nova fash. E nked Out Kicks P. D Ubrary Genesis WileyPlus Part 2 of 2 - PROBLEMS & EXERCISES PLEASE READ AND FOLLOW ALL INSTRUCTIONS CAREFULLYI Question 28 of 30 15 Points Neil's Networking is a sole proprietorship business run by Neil Peart. During its first month of operations, the following transactions occurred: 1. Neil starts the business by investing cash of $5,000 and equipment worth $10,000 2. Neil purchased equipment for $5,000. He paid $1,000 cash and signed a note payable for the remaining $4,000. 3. Neil incurred $600 in advertising expense. He opened an account with the local advertising firm. The advertising firm will bill him for the ads. 4. Neil provided $3,400 of services for several customers. Tom received $1,400 in cash and the rest was billed on account 5. Nel received a $1.000 deposit from a customer to install a new server: the job will be done next week. 6. Neil withdrew $200 for personal use. 7. Neil paid the advertising bill (item 3) with cash. 8. Neil paid $2,000 for office rent: $1,000 for the current month and $1,000 as prepayment for next month 9. Customers (from 4) paid $700 to pay down their balance owing to Neil 10. Neil completed the tree trimming job (from #5) and received the $800 balance due on the job. Required: Using the table provided here, show how each transaction affects the accounting equation. You need not indicate the specific accounts affected. Only enter ONE AMOUNT that is the total net amount by which each component of the equation increases or decreases. DO NOT USE COMMAS, DOLLAR SIGNS, OR ANY OTHER SPECIAL CHARACTERS WHEN ENTERING MONETARY AMOUNTS AND ONLY ENTER AMOUNTS IN DOLLARS (eg, enter 100 not 100.00) ENTER INCREASES AS POSITIVE NUMBERS AND ENTER DECREASES AS NEGATIVE NUMBERS (e. if an equation component decreases by S100, enter -100" (without the quotation marks). When a component of the accounting equation is not affected at all. type in "NA" (used this exact wording, without the quotations). Ifa comment of the count increases and decreases by the same amount type in "Net Zero Chance" (use this exact B Brock Scal: CIG-2P51-Dox w at m et Google x vote payable asset or ability Sortal/site/e98a137e-dae-4cc6-9c8c-2b8c209ddb3c/tool/bba28994-1965-4dde bf1a-303a68c2050a/jsf/delivery/deliverAssessment MA Format Citatio. - Fashion Nowak. E nked Out Kicks P. Ubrary Genesis Weylus Required: Using the table provided here, show how each transaction affects the accounting equation. You need not indicate the specific accounts affected. Only enter ONE AMOUNT that is the total amount by which each component of the equation increases or decreases. DO NOT USE COMMAS, DOLLAR SIGNS, OR ANY OTHER SPECIAL CHARACTERS WHEN ENTERING MONETARY AMOUNTS AND ONLY ENTER AMOUNTS IN DOLLARS (e. enter 100 not 100.00). ENTER INCREASES AS POSITIVE NUMBERS AND ENTER DECREASES AS NEGATIVE NUMBERS (e.g. if an equation component decreases by S100, enter"-100" (without the quotation marks). When a component of the accounting equation is not affected at all, type in "NA" (used this exact wording, without the quotations). If a component of the equation increases and decreases by the same amount type in "Net Zero Change" (use this exact wording. Item ASSETS LIABILITIES + OWNER'S EQUITY 15000 10000 5000 4000

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