Question: Using the accounting equation for transaction analysis Cosmo Thomer suatted t BewbesStme following transactions during December: me ad BEW business, Tnomas Gymnastics, and completed the
Using the accounting equation for transaction analysis Cosmo Thomer suatted t BewbesStme following transactions during December: me ad BEW business, Tnomas Gymnastics, and completed the Dec. 1 Received $19,000 cash from Thomas in exchange for common stock 2 Received $3,800 cash from customers for services performed. 5 Paid $300 cash for office supplies. 9 Performed services for a customer and billed the customer for services 10 15 20 rendered, $4,500. Received $150 invoice for utilities due in two weeks. Paid for advertising in the local paper, $350. Paid utility invoice received on Dec. 10. 25 Collected cash in full from customer billed on Dec. 9. 28 28 30 31 Paid rent for the month, $2,600. Paid $1,200 to assistant for wages. Received $1,600 cash from customers for services performed. Cash dividends of $3,000 were paid to stockholders.. Analyze the effects of the transactions on the accounting equation of Tranaction red
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