Business, 17.04.2021 23:30, willow2444
Paid $4,200 for utilities. Performed services for $21,000 on account. Received $13,000 from charge account customers. Paid salaries of $9,000 to employees. Paid $16,000 to a creditor on account. Owner invested $180,000 in the business. Purchased $53,400 of supplies on account. Purchased equipment for $42,000 cash. Paid $12,000 for rent (in advance). Performed services for $15,600 cash.
Indicate the impact of each of the transactions on the fundamental accounting equation (Assets = Liabilities + Owner's Equity) by placing a ""to indicate an increase and a "D" to indicate a decrease. The first transaction is entered as an example. (If transaction causes one account to increase and another to decrease within the same classification of the accounting equation, select 1/D.)
Transaction Assets = Liabilities + Owner's Equity
1 D = D
2. 3. 4. 5. 6. 7. 8. 9. 10.
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Paid $4,200 for utilities. Performed services for $21,000 on account. Received $13,000 from charge a...
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