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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College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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