Beckowsik Company began business in June and completed the following transactions: A)Received 50,000 cash and issued...

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Beckowsik Company began business in June and completed the following transactions: A)Received £50,000 cash and issued common stock to the stockholders. B) Purchased supplies for £5,000 on account. C) Received and paid utilities bill of £2,000 for the month. D)Performed services for a customer and billed the customer £6,000. E) Received £3,000 from the customer on account. F) Paid for the supplies purchased on account. G) Purchased equipment for £10,000 on account. H)Declared and paid dividends of £2,200. Required: Record the effects of the above transactions on the accounting equation. Common Retained Stock Earnings Accts. Accts. Trans. Cash Supplies Equipment Description Rec. Рay Totalse Beckowsik Company began business in June and completed the following transactions: A)Received £50,000 cash and issued common stock to the stockholders. B) Purchased supplies for £5,000 on account. C) Received and paid utilities bill of £2,000 for the month. D)Performed services for a customer and billed the customer £6,000. E) Received £3,000 from the customer on account. F) Paid for the supplies purchased on account. G) Purchased equipment for £10,000 on account. H)Declared and paid dividends of £2,200. Required: Record the effects of the above transactions on the accounting equation. Common Retained Stock Earnings Accts. Accts. Trans. Cash Supplies Equipment Description Rec. Рay Totalse

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