Record the following transactions in the expanded accounting equation The
Record the following transactions in the expanded accounting equation. The running balance may be omitted for simplicity.
a. Baker invested $60,000 in a computer company.
b. Bought computer equipment on account, $10,000.
c. Baker paid personal telephone bill from company checkbook, $150.
d. Received cash for services rendered, $14,000.
e. Billed customers for services rendered for month, $30,000.
f. Paid current rent expense, $3,500.
g. Paid supplies expense, $1,470.

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