QUESTION ASSETS Transactions 1. 2 3. 4 5. 6. 7. 8. 9. Paid cash for rent, $475. Received cash from owner as an investment, $1,000. Paid cash for telephone bill, $70. Received cash from sales, $1,100. Bought supplies on account from Paws & Claws Co., $280. Sold services on account to Dr. Shephard, $275. Paid cash for advertising, $460. Paid cash for supplies, $235. Received cash on account from Dr. Shephard, $180. Susan Fogarty operates a service business called Doggywood Pet Suites. Doggywood Pet Suites uses the accounts shown in the follow equation. For each transaction, complete the following: (a) Analyze the transaction to determine which accounts in the accounting equ affected. (b) In the appropriate columns, enter a plus sign (+) if the account increases or a minus sign (-) if the account decreases, ar the amount. (c) For transactions that change owner's equity, select a description of the transaction to the right of the amount. (d) Calc a new balance for each transaction in the accounting equation. (e) Before going on to the next transaction, determine that the account. still in balance, Transaction 1 is given as an example.

Sunan Fogany operates a semce business cailed Doggywood Pet Suites. Doggywood Aat Sultes uses the nccounts shown in the follow Equation, for eoch transaction, complete the following: (o) Analyze the transaction to dotermine which accounts in the accounting equ affected. (0) in the appropriate columns, enter a plus sign (4) if the account increases or a minus sign ( - ir the account decreases, a the amount: (c) For transoctions that change owners equity, select a description or the transaction to the might of the amount. (d) Cai a nww balanot for esch transaction in the accounting equation. (e) Before going on to the next transaction, determine that the accourn atiil in balance Transaction t is given as on example