Parrish 2-3 Pg 33 Rules of Debits and Credits Please use DR and CR in accounting equation A=L+SE for the following 1) Shareholders invested $5000 cash to begin busines 2) Copymaster bought a copying machine f0r $1500 3) Copymaster sold copies to customers for $500 cash 4) Copymaster produced copies for Fellow Corporation, its customer. The total sale amount was $1200. Copymaster agreed to bill Fellows for the sale at the end of the month 5) Copymaster paid employees $600 6) Copymaster bought supplies for $300 7) Copymaster paid rent of $700 8) Copymaster paid utilities of $200 9) Copymaster bought office furniture for $500 10) Copymaster had an unpaid balance bill at month-end for $100 11) Calculate the total assets, liabilities, and equity and calculate the Net Income
Parrish 2-3 Pg 33
Rules of Debits and Credits
Please use DR and CR in
1) Shareholders invested $5000 cash to begin busines
2) Copymaster bought a copying machine f0r $1500
3) Copymaster sold copies to customers for $500 cash
4) Copymaster produced copies for Fellow Corporation, its customer. The total sale amount was $1200. Copymaster agreed to bill Fellows for the sale at the end of the month
5) Copymaster paid employees $600
6) Copymaster bought supplies for $300
7) Copymaster paid rent of $700
8) Copymaster paid utilities of $200
9) Copymaster bought office furniture for $500
10) Copymaster had an unpaid balance bill at month-end for $100
11) Calculate the total assets, liabilities, and equity and calculate the Net Income
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