Record the following transactions into the expanded accounting equation for the Pauls Accounting Firm. a. Performed accounting
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Question:
Record the following transactions into the expanded accounting equation for the Pauls Accounting Firm.
a. Performed accounting services for a client for cash, $3,000
b. Billed the client for the provision of services, $4,250
c. Received the monthly utility bill, $440
d. Received $1,050 on account from customers
e. Paid the monthly utility bill.
f. Paid Supplies expense of $625
g. Withdrew $250 cash for personal use
h. Paid the rent for the month, $450
i. Collected $650 from the client against the services.
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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