Record the following transactions in the expanded accounting equation. The running balance may be omitted for simplicity.
Question:
Record the following transactions in the expanded accounting equation. The running balance may be omitted for simplicity.
a. Baker invested $90,000 in a computer company.
b. Bought computer equipment on account, $10,200.
c. Baker paid personal telephone bill from company checkbook, $50.
d. Received cash for services rendered, $13,700.
e. Billed customers for services rendered for month, $29,000.
f. Paid current rent expense, $4,200.
g. Paid supplies expense,$1,510.
Transcribed Image Text:
Assets Liabilities + Owner's Equity CashAccountsComputerAccounts B. Bake B. Baker,Revenues Receivable Equipment Payable Capital Withdrawals Expenses
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