Rick Fox of Corner Brook company at the end of November. Analyze the following transactions by recording
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Rick Fox of Corner Brook company at the end of November. Analyze the following transactions by recording their effects in the expanded accounting equation.
A. Rick Fox invested $9,000 in the desktop publishing business.
B. Purchased new office equipment on account, $3,000.
C. Received cash for desktop publishing services rendered, $1,290.
D. Paid part-time secretary’s salary, $625.
E. Billed customers for desktop publishing services rendered, $2,690.
F. Paid rent expense for the month, $500.
G. Rick withdrew cash for personal use, $350.
H. Advertising expense due but not yet paid, $100.
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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