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Show the effect of the following transactions on the basic accounting equation. June 01 Invested Cash BD. 50,000 in the bank. 05 Bought Computer Equipment
Show the effect of the following transactions on the basic accounting equation. June 01 Invested Cash BD. 50,000 in the bank. 05 Bought Computer Equipment on account BD. 2,000. 11 Performed service on account BD. 1,000. 17 Paid Wages expense BD. 350. Received 20% of Account Receivable balance. 28 Paid BD. 1,500 to creditor. 23 Date Assets Cash Me. Rec. Comp. Equip. Liabilities + Owner's EquityRemarks A/c Payable Capital Enter the following transactions on the basic accounting equation for Khalil Est. 1- Khalil invested Cash BD. 70,000 and Truck BD. 6,000. 2- Bought Truck on account BD. 5,800. 3- Bought Equipment for cash BD. 2,100. 4- Paid Salary expense BD. 250. 5- Performed services on credit BD. 4,000. 6- Received cash from customers BD. 3,000. No Assets Cash A/c. Rec. Truck Equipment Liabilities + Owner's Equity A/c Payable Capital
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