Leroy Greene of Vancouver decided to open his own training services company at the end of October.

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Leroy Greene of Vancouver decided to open his own training services company at the end of October. Analyze the following transactions by recording their effects in the expanded accounting equation.

A. Leroy invested $9,000 in the company.

B. Purchased new office equipment on account, $4,250.

C. Received cash for services rendered, $2,350.

D. Paid secretary's salary, $800.

E. Billed customers for training services rendered, $3,650.

F. Paid rent expense for the month, $600.

G. Leroy withdrew cash for personal use, $1,000.

H. Advertising expense was due but as yet unpaid, $400.

I. Repair to office equipment paid, $192.

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College Accounting A Practical Approach

ISBN: 978-0133133233

12th Canadian edition

Authors: Jeffrey Slater, Brian Zwicker

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