Team Universe Games, Inc is a new corporaltion started on Jaruary 1, 2015. The folowing anoacions occurred duing the frt yeare 0(Cick the icon to view the transactions ) Transactions a Show the effect of each transaction on assets, iabilties, and equity using the accounting equation b. Prepare the journal entry for each transaction OnJanuary 1, 2015, te o-mers invested aitalofS52,000 Che par vah"of the slock) t start the company ln emhangothe corporation issued tho owners 5.000 shares of common slock a Requirement a. Show the effect of each bansaction on assets, labilides, and equity using the accounting equation. (f a box is not u minus sign or parentheses Abbreviaons used AR Accounts Receivable, Equip Equipment Beg RIE Beginning Retained E b. On March 14, 2015, the company paid cash to purchase office equipment for e. On April 6,2015, the company oblained a note from the bank for $96,000 $9,600 Stockholdere Egulty Assets Liabilities d. On May 31, salaries were accrued for time worked in May in the amount of e OnJune 15 2014, the company paid cash to employees for salaries accrued t. on July 12, 2015, the company paid cash fr legal lees meated with the g. On September 6, 2015, the company sold $29,000of merchandise to a large Retained Earning 8,000. These salaries will be paild in June on May 31 startup of the company in the amount of $5,200 CashAR Equip LiabilitiesContr Beg Rev and Exp and Div Losses Declared Cap RE Gains customer The customer paid cash for half of the transaction and put the other half on its credi account with the vandor (ignore the inventory and cost of goods soild entry of this transaction) h. On November 1, 2015, the customer that purchased goods on September 6 paid off its credit account balance of $14 500 with cash Enter any number in the edt felds and then cick Check Answer L On December 14, 2015, the company made a 5$10 400 cash payment towards Team Universe Games, Inc is a new corporaltion started on Jaruary 1, 2015. The folowing anoacions occurred duing the frt yeare 0(Cick the icon to view the transactions ) Transactions a Show the effect of each transaction on assets, iabilties, and equity using the accounting equation b. Prepare the journal entry for each transaction OnJanuary 1, 2015, te o-mers invested aitalofS52,000 Che par vah"of the slock) t start the company ln emhangothe corporation issued tho owners 5.000 shares of common slock a Requirement a. Show the effect of each bansaction on assets, labilides, and equity using the accounting equation. (f a box is not u minus sign or parentheses Abbreviaons used AR Accounts Receivable, Equip Equipment Beg RIE Beginning Retained E b. On March 14, 2015, the company paid cash to purchase office equipment for e. On April 6,2015, the company oblained a note from the bank for $96,000 $9,600 Stockholdere Egulty Assets Liabilities d. On May 31, salaries were accrued for time worked in May in the amount of e OnJune 15 2014, the company paid cash to employees for salaries accrued t. on July 12, 2015, the company paid cash fr legal lees meated with the g. On September 6, 2015, the company sold $29,000of merchandise to a large Retained Earning 8,000. These salaries will be paild in June on May 31 startup of the company in the amount of $5,200 CashAR Equip LiabilitiesContr Beg Rev and Exp and Div Losses Declared Cap RE Gains customer The customer paid cash for half of the transaction and put the other half on its credi account with the vandor (ignore the inventory and cost of goods soild entry of this transaction) h. On November 1, 2015, the customer that purchased goods on September 6 paid off its credit account balance of $14 500 with cash Enter any number in the edt felds and then cick Check Answer L On December 14, 2015, the company made a 5$10 400 cash payment towards
