Question: M Gonzales has the following transactions during August of the

M. Gonzales has the following transactions during August of the current year. Indicate
(a) The effect on the accounting equation
(b) The debit-credit analysis illustrated on pages 61–65 of the textbook.
Aug. 1 Opens an office as a financial advisor, investing $8,000 in cash.
4 Pays insurance in advance for 6 months, $1,800 cash.
16 Receives $3,600 from clients for services performed.
27 Pays secretary $1,000 salary


View Solution:


Sale on SolutionInn
Sales6
Views775
Comments
  • CreatedMarch 02, 2015
  • Files Included
Post your question
5000