Record the effect of the following transactions on the accounting equation using a table similar to the example in your module. a. Owen inherited $20,000 and invested the cash in the business. b....

Record the effect of the following transactions on the accounting equation using a table similar to the example in your module.

a. Owen inherited $20,000 and invested the cash in the business. b. Performed services for a client and received cash of $700.

c. Purchased supplies on account, $1,000

d. Invested personal cash of $1,000 in the business.

e. Performed services to clients and received cash of $2,400

1. Paid office rent expenses, $ 900 and advertising expense $100.

9. Withdrew cash of $1,800 for personal use.

Sep 09, 2022

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