Ch 2: Homework i Saved Help Save & Exit Submit Check my work 2 TRANSACTIONS 1. The owner invested $94,000 in cash to begin the business. 2. Paid $19,150 in cash for the purchase of equipment. 3. Purchased additional equipment for $13,200 on credit. 4. Paid $11,200 in cash to creditors. 11.11 5. The owner made an additional investment of $27,000 in cash. points 6. Performed services for $7,600 in cash. 7. Performed services for $5,100 on account. 8. Paid $3,400 for rent expense 9. Received $2,900 in cash from credit clients. Book 10. Paid $5,860 in cash for office supplies. 11. The owner withdrew $8,400 in cash for personal expenses. In References Record in equation form the changes that occur in assets, liabilities, and owner's equity for the above transactions. Analyze: What is the ending balance of cash after all transactions have been recorded? Complete this question by entering your answers in the tabs below. Accounting Equation Analyze Record in equation form the changes that occur in assets, liabilities, and owner's equity for the above transactions. (Enter decreases to account balances with a minus sign.) Assets Liabilities Owner's Equity Transactions Cash Accounts Receivable Supplies + Equipment = Accounts Owner's Payable Capital 1. $ 94,000 94,000 2. (19,150) + 19, 150 11 11 11 11 3 3,200 13,200 4 . 11,200) + 11,200) + 5 . 27,000 + 27,000 6. 7,600 7. 5,100 8 . (3,400) 9 . ,900 + 2,900) + 10 . 5,860) + 5,860 + 11 . (8,400) + Totals $ 83,490 + $ 2,200 + $ 5,860 + $ 32,350 = $ 2,000 + $ 121,000 Accounting Equation Analyze >Ch 2: Homework i Saved Help Save & Exit Submit Check my work 2 Problem 2.1A (Algo) Analyzing the effects of transactions on the accounting equation. LO 2-1, 2-2, 2-3 11.11 On July 1, Alfred Herron established Herron Commercial Appraisal Services, a firm that provides expert commercial appraisals and points represents clients in commercial appraisal hearings. TRANSACTIONS 1. The owner invested $94,000 in cash to begin the business. 2. Paid $19,150 in cash for the purchase of equipment. Book 3. Purchased additional equipment for $13,200 on credit. 4. Paid $11,200 in cash to creditors. 5. The owner made an additional investment of $27,000 in cash. References 6. Performed services for $7,600 in cash. 7. Performed services for $5,100 on account. 8. Paid $3,400 for rent expense. 9. Received $2,900 in cash from credit clients. 10. Paid $5,860 in cash for office supplies. 11. The owner withdrew $8,400 in cash for personal expenses. Record in equation form the changes that occur in assets, liabilities, and owner's equity for the above transactions. Analyze: What is the ending balance of cash after all transactions have been recorded? Complete this question by entering your answers in the tabs below. Accounting Equation Analyze What is the ending balance of cash after all transactions have been recorded? Ending balance