Wendys welding services is an Incorporated business run by Wendy woman during its first month of operations the following transactions are occurred
Wendy's Welding Services is an incorporated business run by Wendy Woolman. During its first month of operations, the following transactions occurred 1. Wendy starts the business by investing cash, supplies and equipment worth $15,000 in exchange for 55.000 in shares and $10,000 in a loan payable to Wendy, 2. Wendy's Welding Services pays $200 cash in advertising fees to promote the business. 3. Wendy's Welding Services completed a welding job for a client biling them $2.200 on account 4. Wendy's Welding Services purchased equipment for $600, on account 5. Wendy's Welding Services paid $150 cash for cleaning services for the month Wendy's Welding Services paid $300 cash for supplies 7. Wendy's Welding Services bited and collected $700 for welding services provided & Wendy's Welding Services paid $1,000 to Wendy Woolman as a partial loan repayment from ). 9. Wendy's Welding Services collected the $2,200 swing from a customer from 10. Wendy's Welding Services paid $200 of the amount owng for its predous purchase of equipment (from ) Required Using the table provided he show how each ansaction affects the accounting equation. You need not indicate the specific accounts affected. Only enter ONE AMOUNT that is the total net amount by which each component of the equat CHARACTERS WHEN INTERING MONETARY AMOUNTS AND ONLY ENTER AMOUNTS IN DOLLARS deg enter 100 rot 100.000 ENTER INCREASES AS POSITIVE NUMBERS AND ENTER DECREASES AS NEGATIVE NUMBERS 48. an equation component decreases by 8100, enter"100" (without the quotation marks). When a component of the accounting equation is no component of the equation increases and decreases by the same amount type in "Net Zero Capse this act wording IEMASSETS LIABILITIES SHAREHOLDERS EQUITY 2 3 4 5 6 7 9 10 Wendy's Welding Services is an incorporated business run by Wendy Woolman. During its first month of operations, the following transactions occurred: 1. Wendy starts the business by investing cash, supplies and equipment worth $15,000 in exchange for $5,000 in shares and $10,000 in a loan payable to Wendy. 2. Wendy's Welding Services pays $200 cash in advertising fees to promote the business. 3. Wendy's Welding Services completed a welding job for a client, billing them $2,200 on account 4. Wendy's Welding Services purchased equipment for $600, on account. 5. Wendy's Welding Services paid $150 cash for cleaning services for the month. 6. Wendy's Welding Services paid $300 cash for supplies. 7. Wendy's Welding Services billed and collected $700 for welding services provided. 8. Wendy's Welding Services paid $1,000 to Wendy Woolman as a partial loan repayment (from #1). 9. Wendy's Welding Services collected the $2,200 owing from a customer (from #3). 10. Wendy's Welding Services paid $200 of the amount owing for its previous purchase of equipment (from #4). Required
