Question

Indicate the effects of the following business transactions on the accounting equation of Vivians Online Video store. Transaction (a) is answered as a guide.
a. Received cash of $10,000 from issuance of common stock.
b. Earned video rental revenue on account, $2,800.
c. Purchased office furniture on account, $300.
d. Received cash on account, $400.
e. Paid cash on account, $100.
f. Rented videos and received cash of $200.
g. Paid monthly office rent of $1,000.
h. Paid $100 cash to purchase office supplies.


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  • CreatedJune 12, 2015
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