Question: DO IT! 4 | Tabular Analysis Transactions made by Virmari SA, a public accounting firm, for the month of August are shown below. Prepare a
DO IT! 4 | Tabular Analysis Transactions made by Virmari SA, a public accounting firm, for the month of August are shown below. Prepare a tabular analysis which shows the effects of these transactions on the expanded accounting equation, similar to that shown in Illustration 1.8. 1. The owner invested 25,000 cash in the business. 2. The company purchased 7,000 of office equipment on credit. 3. The company received 8,000 cash in exchange for services performed. 4. The company paid 850 for this month's rent. 5. The owner withdrew 1,000 cash for personal use. ACTION PLAN Analyze the effects of each transaction on the accounting equation. Use appropriate category names (not descriptions), Keep the accounting equation in balance
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