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The Business Center had the transactions listed below during the month of June TRANSACTIONS 1. Jesse Campbell started the business with a cash investment of
The Business Center had the transactions listed below during the month of June TRANSACTIONS 1. Jesse Campbell started the business with a cash investment of $57.000, 2. Purchased equipment for $20,500 on Credit 3. Performed services for $2.800 in cash 4. Purchased additional equipment for $4,300 in cash 5. Performed services for $4900 on credit 6. Paid salaries of $4,300 to employees. 7. Received $2,900 cash from charge account customers 8. Paid $11.800 to a creditor on account Show how each transaction would be recorded in the accounting equation (Enter decreases to account balances with a minus sign) Answer is not complete. Liabilities ) Owner's Equity Assets Accounts Receivable Cash Equipment Account Payable Jesse Campbell, Capital . Revenue Expenses S 57.000 1 2 3 4 20.500 20.500 . 2.800 (4.300 - 4,300 . I would be recorded in the accounting equation (Enter decreases to account balances with a minus sign.) Answer is not complete. Assets Owner's Equity Accounts Receivable Equipment Accounts Payable Jesse Campbell Capital Revenue Expenses 1 $ 57,000 2 3. 20.500 IT 20,500 . 2,800 (4.300 . 4.300 5 4.900- 6 - 7 (4.300) 2.900 (11.00) $42.300 (2.900) Total $ 2.000 5 24.800 (11.800) 3.700 = $ $ 0 + S 0 0
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