Janis Evans decided to open an editing service in Vernon. Record the following transactions in the transaction

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Janis Evans decided to open an editing service in Vernon. Record the following transactions in the transaction analysis charts:

A. Janis invested $3,000 in the editing service from her personal savings account.

B. Purchased office equipment on account, $1,875.

C. Rent expense was due but not yet paid, $425.

D. Performed editing services for cash, $2,100.

E. Billed clients for editing services provided, $1,490.

F. Janis paid a home repair bill from the company bank account, $160.

The chart of accounts for the business includes Cash; Accounts Receivable; Office Equipment; Accounts Payable; Janis Evans, Capital; Janis Evans, Withdrawals; Editing Fees Earned; and Rent Expense.

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College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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