Score: 0 0 8 pts 11 of 11 (10 complete) HW Score: 78.97%, 63 18 of 80 pts nts E1-11 (similar to) Question Help uizzes Requirement 1. Select the appropriate description for each transaction an a. The analysis of the transactions that Electra-Components Rental engaged in during its first month of operations follows. The business buys electronic equipment that it ronts out to earn rental revenue The owner of the business, Gary Oake, made only one investment to start the business and made no withdrawals from Electra-Components Rental Click the icon to view the transactions.) Required 1. Describe each transaction of Electra - Components Rental 2. If these transactions fully describe the operations of Electra-Components Rental during the month, what was the amount of net income or net loss? meText nedia Library Cash purchase of equipment Collection of account receivable Earned rental revenue and received cash Earned rental revenue on account Eamed revenue on future rentals Investment by owner Owner withdrawal Payment of cash for expenses Payment of account payable Purchase of rental equipment on account 0 ter Resources amic Study ules Choose from any drop down list and then click Chack Ansar Check Answer Clear All 8 par remaining ING 1:50 PM 2020-05-15 IN O E Type here to search DELL DOS Doo V F11 F12 Di F10 FA FO FO F3 FA PN E1-11 (similar to) More Info - h fore The analysis of the transactions during its first month of operation equipment that it rents out to ear Gary Oake, made only one inves withdrawals from Electra - Comg (Click the icon to view the Required 1. Describe each transaction of Accounts Rental Accounts Cash + Receivable G. Oake, Capital + Equipment - Payable + a. +58,000 +1.400 + 58.000 b. 2. If these transactions fully deg Rental during the month, wha + 1.400 C. 90.000 +90,000 d. +2.600 +2.600 e. 4000 -4,000 f. + 4.500 +4.500 +1 300 -1,300 9. h. -5.000 -5,000 Choose from any drop-down lis Print Done 8 parts remaining CCART Check AI search o e