Question: please write on paper Analyze each transaction below for May 2017. For each transaction: (a) identify the accounts affected and record the transaction in the

 please write on paper Analyze each transaction below for May 2017.please write on paper

Analyze each transaction below for May 2017. For each transaction: (a) identify the accounts affected and record the transaction in the tabular summary. (b) Total each account in the row provided. (c) Use the accounting equation to show that A=L+SE (d) Create the t-account for Cash. Is the final balance a debit balance or a credit balance? 1. Rita mvested $25,000 to start her business. 2. Purchased computer terminals for $15,000 from Comptime on account. 3. Paid $3,000 cash for May rent on storage space. 4. Provided computer services to Magic Construction Company for $22,500. Received $2,500 cash and rest on account 5. Incurred advertising expense for May of $900 on account. 6. Received $12,000 cash from customers for services provided in #4 above 7. Paid Comp-time in full for the terminals purchased in #2 above. 8. Paid Northern Ohio Power Co. $7,000 cash for power bill

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