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Using the table below, record each of the transactions below as one of the following account titles: Cash, Accounts Receivable, Office Supplies, Office Equipment, Accounts

Using the table below, record each of the transactions below as one of the following account titles: Cash, Accounts Receivable, Office Supplies, Office Equipment, Accounts Payable, Notes Payable, Owners Capital, Owners Withdrawals, Service Revenue, Expenses.

  1. March 1st: Jason Adams invested $5,000 in his new business.
  2. March 1st: Paid $750 for office rent for the month of March.
  3. March 3rd: Purchased office equipment for $500 cash.
  4. March 8th: Borrowed $5,000 cash from the bank as a note payable.
  5. March 10: Performed $500 of accounting services on account.
  6. March 13th: Performed $300 of accounting services, being paid cash.
  7. March 20th: Received payment in cash from the March 10th transaction.
  8. March 25th: Purchased $200 office supplies on account.
  9. March 31st: Paid the following expenses: utilities $150, advertising expenses of $200.
  10. March 31st: Jason withdrew $500 for personal use.

The accounting equation should total $9,400

CASH ACCOUNTS RECEIVABLE SUPPLIES EQUIPMENT ACCOUNTS PAYABLE NOTES PAYABLE CAPITAL DRAWS REVENUES EXPENSES
1
2
3
4
5
6
7
8
9
10
TOTAL

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