Give Accounting Equation for the following transactions of Jitesh: – Started business with cash $. 36,000 – Paid rent in advance $. 800– Purchased goods for cash $.10,000 and on credit $. 4,000 – Sold goods for cash $. 8,000 – Rent paid $. 2000 and rent outstanding $. 400 – Bought cycle for personal use $. 16,000 – Purchased equipment's for cash $. 10,000 – Paid to creditor$ $. 1,200 – Some business expenses paid $. 1,800 – Depreciation on equipment $. 2,000
Give Accounting Equation for the following transactions of Jitesh: – Started business with cash $. 36,000 – Paid rent in advance $. 800– Purchased goods for cash $.10,000 and on credit $. 4,000 – Sold goods for cash $. 8,000 – Rent paid $. 2000 and rent outstanding $. 400 – Bought cycle for personal use $. 16,000 – Purchased equipment's for cash $. 10,000 – Paid to creditor$ $. 1,200 – Some business expenses paid $. 1,800 – Depreciation on equipment $. 2,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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– Started business with cash $. 36,000
– Paid rent in advance $. 800– Purchased goods for cash $.10,000 and on
credit $. 4,000
– Sold goods for cash $. 8,000
– Rent paid $. 2000 and rent outstanding $. 400
– Bought cycle for personal use $. 16,000
– Purchased equipment's for cash $. 10,000
– Paid to creditor$ $. 1,200
– Some business expenses paid $. 1,800
–
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please can you answer me about the Some business expenses paid $. 1,800 where is go? more explaine about this point because i can not understanding aboyt that.
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