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The analysis of the transactions that Cabletronics Rental engaged in during its first month of operations follows The business buys electronic equipment that it
The analysis of the transactions that Cabletronics Rental engaged in during its first month of operations follows The business buys electronic equipment that it rents 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 Cabletronics Rental i (Click the icon to view the transactions.) Required 1. Describe each transaction of Cabletronics Rental 2. If these transactions fully describe the operations of Cabletronics Rental during the month, what was the amount of net income or net loss? Cash + 50,000 Accounts Rental + Receivable + Equipment Accounts = Payable + G. Oake, Capital + 50,000 a. b. +2,800 + 2,800 C. + 90,000 + 90,000 d. + 1,400 e. - 6,000 f. +5,100 +1,400 -6,000 +5,100 g. + 1,300 -1,300 h. -6,000 -6,000 iness met Requirement 1. Select the appropriate description for each transaction. a. Investment by owner b. Earned rental revenue on account
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