Question: Details Please complete the following exercises. ( 2 ) Exercise 2 - 5 : Analyzing Transactions William Curtis is a personal finance and own Much
Details
Please complete the following exercises.
Exercise : Analyzing Transactions
William Curtis is a personal finance and own "Much Money" consulting. This is his first month of operations and William has hired you to do his accounting. The following transactions are for the month of October.
a On October William Curtis invested $ cash into his business.
b On October purchased $ of office supplies for cash.
c On October purchase $ of office equipment on credit.
d On October received $ cash as revenue for being a guest on the TV show City Talk.
e On October paid for the office equipment purchased in transactions C
f On October billed a customer $ for delivering a corporate workshop on smart investing.
g On October paid October's rent for the downtown office with $ cash.
h On October collected cash for all of the account receivable created in transaction
i On October withdrew $ cash from the business for a trip to Hawaii.
Required: For each transaction, Complete the analysis, determine the journal entry analysis and record the journal entry. Use the format given below. Transaction a has been completed for you as an example:
a Analysis
Assets increase. Equity increases.
Debit the cash account for $
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