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TNT has the following transactions during April of the current year. Apr. 1 Opens a law office, investing $25,000 in cash. 4 Pays rent
TNT has the following transactions during April of the current year. Apr. 1 Opens a law office, investing $25,000 in cash. 4 Pays rent in advance for 6 months, $9,000 cash. 16 Receives $8,000 from clients for services provided. 22 27 Pays secretary $2,800 salary. Indicate (a) the effect on the accounting equation and (Enter debit answers first.) (b) the debit-credit analysis. Aug. 1 Cash 4 (a) Effect on Accounting Equation is is is S is 16 is S 27 is S S > D Debit (b) Debit-Credit Analysis Credit Debit SA tA SA $ Debit $ Credit Credit ]. Debit Credit $
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