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No change in equity Increased equity - Revenue Increased equity - Owner investment Decreased equity - Expense Decreased equity - Owner withdrawal October 3) The company purchased $2,200 of computer supplies on credit from Kennedy Office Products. October 5) The company paid $2,400 cash for one year's premium on a property and liability insurance policy. (The company's policy is to record prepaid expenses in balance sheet accounts.) Decreased equity - Expense 0 Decreased equity - Expense 0 October 6) The company billed Hayes Leasing $5,800 for services performed in installing a new web server. October 8) The company paid $2,200 cash for the computer supplies purchased from Kennedy Office Increased equity - Revenue 5,800 Decreased equity - Expense 0 Products on October 3. October 10) The company hired Nina Kelley as a part-time assistant. Decreased equity - Expense 0 October 12) The company billed Hayes Leasing another $3,400 for services performed. Decreased equity - Expense (3,400) October 15) The company received $5,800 cash from Hayes Leasing as partial payment on its account. October 17) The company paid $1,200 cash to repair computer equipment that was damaged when moving it. October 20) The company paid $2,100 cash for advertisements published in the local newspaper. October 22) The company received $3,400 cash from Hayes Leasing on its account. October 28) The company billed GHK Company $5,600 for services performed. Increased equity - Revenue 0 Decreased equity - Expense $ (1,200) Decreased equity - Expense (2,100) Increased equity - Revenue 3,400 No change in equity 0 Corporation for computer services performed. November 5) The company purchased computer supplies for $2,100 cash from Kennedy Office Products. November 8) The company billed Fox Company $2,200 for services performed. November 13) The company agreed to perform future services for Potter Engineering Company. No work has yet been performed. November 18) The company received $3,400 cash from GHK Company as partial payment of the October 28 bill. November 22) The company paid $700 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expense for $700. November 24) The company completed work for Potter Engineering Company and sent it a bill for $6,900. November 25) The company sent another bill to GHK Company for the past-due amount of $2,200. November 28) The company reimbursed D. Kelley in cash for business automobile mileage (1,200 miles at $0.32 per mile). November 30) The company paid $3,150 cash for Nina Kelley's wages for 14 days' work. Increased equity - Revenue No change in equity No change in equity 2,100 0 0 Increased equity - Revenue 3,400 Decreased equity - Expense (700) No change in equity No change in equity Decreased equity - Expense Decreased equity - Expense 0 0 (384) > > (3,150) (3,000) Total impact on equity $ 105,871 What is the balance in the owner's capital account as reported on the balance sheet? $ 120,671 x November 30) D. Kelley withdrew $3,000 cash from the company for personal use. Decreased equity - Owner withdrawal No change in equity Increased equity - Revenue Increased equity - Owner investment Decreased equity - Expense Decreased equity - Owner withdrawal October 3) The company purchased $2,200 of computer supplies on credit from Kennedy Office Products. October 5) The company paid $2,400 cash for one year's premium on a property and liability insurance policy. (The company's policy is to record prepaid expenses in balance sheet accounts.) Decreased equity - Expense 0 Decreased equity - Expense 0 October 6) The company billed Hayes Leasing $5,800 for services performed in installing a new web server. October 8) The company paid $2,200 cash for the computer supplies purchased from Kennedy Office Increased equity - Revenue 5,800 Decreased equity - Expense 0 Products on October 3. October 10) The company hired Nina Kelley as a part-time assistant. Decreased equity - Expense 0 October 12) The company billed Hayes Leasing another $3,400 for services performed. Decreased equity - Expense (3,400) October 15) The company received $5,800 cash from Hayes Leasing as partial payment on its account. October 17) The company paid $1,200 cash to repair computer equipment that was damaged when moving it. October 20) The company paid $2,100 cash for advertisements published in the local newspaper. October 22) The company received $3,400 cash from Hayes Leasing on its account. October 28) The company billed GHK Company $5,600 for services performed. Increased equity - Revenue 0 Decreased equity - Expense $ (1,200) Decreased equity - Expense (2,100) Increased equity - Revenue 3,400 No change in equity 0 Corporation for computer services performed. November 5) The company purchased computer supplies for $2,100 cash from Kennedy Office Products. November 8) The company billed Fox Company $2,200 for services performed. November 13) The company agreed to perform future services for Potter Engineering Company. No work has yet been performed. November 18) The company received $3,400 cash from GHK Company as partial payment of the October 28 bill. November 22) The company paid $700 cash for miscellaneous expenses. Hint: Debit Miscellaneous Expense for $700. November 24) The company completed work for Potter Engineering Company and sent it a bill for $6,900. November 25) The company sent another bill to GHK Company for the past-due amount of $2,200. November 28) The company reimbursed D. Kelley in cash for business automobile mileage (1,200 miles at $0.32 per mile). November 30) The company paid $3,150 cash for Nina Kelley's wages for 14 days' work. Increased equity - Revenue No change in equity No change in equity 2,100 0 0 Increased equity - Revenue 3,400 Decreased equity - Expense (700) No change in equity No change in equity Decreased equity - Expense Decreased equity - Expense 0 0 (384) > > (3,150) (3,000) Total impact on equity $ 105,871 What is the balance in the owner's capital account as reported on the balance sheet? $ 120,671 x November 30) D. Kelley withdrew $3,000 cash from the company for personal use. Decreased equity - Owner withdrawal
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