Question: Record the following transactions in the expanded accounting equation. Do not calculate a running balance. a. Bell invested $45,000 in a computer company. b. Bought
Record the following transactions in the expanded accounting equation. Do not calculate a running balance.
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a. Bell invested $45,000 in a computer company.
b. Bought computer equipment on account, $9,500.
c. Bell paid personal telephone bill from company checkbook, $75.
d. Received cash for services rendered, $14,100.
e. Billed customers for services rendered for month, $29,600.
f. Paid current rent expense, $3,400.
g. Paid supplies expense, $1,500.
Assets Liabilities+ Owner's Equity Cash Accounts +ComputerA Accounts +B. Bell, - B. Bell,Revenues Expenses Receivable Equipment Payable Capital Withdrawals
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