Question: IMET 1-9 Presented below are three transactions. Mark each transaction as affecting owner's investment (U). owner's drawings (D), revenue (R), expense (E), or not affecting
IMET 1-9 Presented below are three transactions. Mark each transaction as affecting owner's investment (U). owner's drawings (D), revenue (R), expense (E), or not affecting owner's equity (NOE). NOE (a) Received cash for services performed 1 (b) Paid cash to purchase equipment (c) Paid employee salaries E IMET 1-10 In alphabetical order below are balance sheet items for Fritz Company at December 31, 2014. Molly Fritz is the owner of Fritz Company. Prepare a balance sheet, following the format of Illustration 1-9 (10 & 11th ed Accounts payable $90,000 Accounts receivable $72,500 Cash $49,000 Owner's capital $31,500
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