Transaction 6: Payment of Expenses

During the month, the business pays $3,000 in cash expenses: rent expense on a computer, $600; office rent, $1,100; employee salary, $1,200; and utilities, $400. The effects on the accounting equation are

	ASSETS				LIABILITIES	OWNER'S EQUITY	TYPE OF OE
CASH	ACCOUNTS RECEIVABLE	OFFICE SUPPLIES	LAND		ACCT PAYABLE	SHEENA BRIGTH
BAL
15,500	3,000	500	20,000		?	?
-600						?	RENT EXP COMPUTER
-1,100						?	RENT EXP OFFICE
-1,200						?	SALARY EXPENSE
-400						?	UTILITIES EXPENSE
BAL
12,200	3,000	500	20,000		?	?