Question: Create a table in MS Excel with each of the following accounts and indicate their effect on the accounting equation. To open the business, he
Create a table in MS Excel with each of the following accounts and indicate their effect on the accounting equation.
- To open the business, he deposited $ 45,000 of his personal funds as an investment.
- He bought office supplies for $ 1,000 on credit.
- Received $ 2,000 cash income from providing a service.
- He paid the basic services (utilities expenses) for $ 400.00.
- Paid $ 300 for supplies purchased on credit.
- He received income from services rendered of $ 4,000 in cash.
- Provided a service to a client for $ 3,000 on credit.
- You paid wages of $ 1,800 to an employee.
- He made a withdrawal of $ 200.00 for his personal use.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
