PRACTICE: ANALYZING TRANSACTIONS Use +/- or NE to analyze the effect of transactions (1-10) on the...

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PRACTICE: ANALYZING TRANSACTIONS Use +/- or NE to analyze the effect of transactions (1-10) on the Accounting Equation 1) 2) 3) 4) 5) 6) 7) 8) A = L + *OE 9) 10) 1) Jones Company issued $20,000 of Common Stock. 2) Jones Company provided $1,200 of services for a customer who will pay in 30 days. 3) Jones Company ran a $100 ad in the newspaper and will pay for it in 30 days. 4) R. Jones, owner, withdrew $5,000 from the business. 5) Jones Company paid salaries for the week of $500. 6) Jones Company provided $3,200 of services for a customer who paid in cash. 7) A customer paid Jones Company $1000 in cash for future services. 8) Jones Company purchased a tract of land for $30,000 and signed a Note Payable for the full amount 9) Jones Company prepaid 3 months of rent ($800 per month) with $2400 cash 10)Jones Company paid $15,000 in dividends to its stockholder *OWNER'S EQUITY: Increased by and Decreased by and PRACTICE: ANALYZING TRANSACTIONS Use +/- or NE to analyze the effect of transactions (1-10) on the Accounting Equation 1) 2) 3) 4) 5) 6) 7) 8) A = L + *OE 9) 10) 1) Jones Company issued $20,000 of Common Stock. 2) Jones Company provided $1,200 of services for a customer who will pay in 30 days. 3) Jones Company ran a $100 ad in the newspaper and will pay for it in 30 days. 4) R. Jones, owner, withdrew $5,000 from the business. 5) Jones Company paid salaries for the week of $500. 6) Jones Company provided $3,200 of services for a customer who paid in cash. 7) A customer paid Jones Company $1000 in cash for future services. 8) Jones Company purchased a tract of land for $30,000 and signed a Note Payable for the full amount 9) Jones Company prepaid 3 months of rent ($800 per month) with $2400 cash 10)Jones Company paid $15,000 in dividends to its stockholder *OWNER'S EQUITY: Increased by and Decreased by and