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record as journal entries and in the accounting equation 13 14 Events: 15. a) Purchased $16,400 of equipment for use in the business, paid cash.

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13 14 Events: 15. a) Purchased $16,400 of equipment for use in the business, paid cash. 16 b) Earned $146,000 in service revenues for 2021, including $136,000 on credit and $10,000 collected in cash. 17 c) Collected accounts receivable, $16,900. 18 d) Customers paid $8,400 in advance for future services. 19 e) Paid accounts payable, $8,400. 20 ) Sold an old vehicle (that was fully depreciated) for $1,200 cash. g) On Sep. 1, paid $14,400 to rent a building for 12 months, starting immediately. 22 h) Purchased $1,200 supplies on account for future use. 1) Declared and paid a $14,000 cash dividend. 4 Information for Adiustments: 21 23

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