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Prepare an extended accounting equation from the below mentioned information: On November 1, 2012, Chris Clark deposits AED25,000 in a bank account in the name
Prepare an extended accounting equation from the below mentioned information:
- On November 1, 2012, Chris Clark deposits AED25,000 in a bank account in the name of Net Solutions.
- On November 5, 2012, Net Solutions agreed to pay AED20,000 for the purchase of land as a future building site.
- On November 10, 2012, Net Solutions purchased inventory for AED1,350 and agreed to pay the supplier in the near future.
- On November 18, 2012, Net Solutions received cash of AED7,500 for providing services to customers.
- On November 30, 2012, Net Solutions paid the following expenses during the month: wages, AED2,125; rent, AED800; utilities, AED450.
- On November 30, 2012, Net Solutions paid creditors on account, AED950.
Typed Please or good handwriting because I have big problem in reading hand writing
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