Q10. a) Show the effects of the following transactions on the accounting equation. a. Owner invested $ 12.000 cash in the business. b. Purchased office supplies by paying $ 65 cash. c. Performed service for a client on account, $ 950. d. Purchased computers for the business for $ 1.300 on account. e. Received cash from the client (c) above, $ 900. b) 1) Journalize the following transactions 2) Ledger posting for the following transaction. a. Owner invested $ 12.000 cash in the business. b. Purchased office supplies by paying $ 65 cash. c. Performed service for a client on account, $ 950. d. Purchased computers for the business for $ 1.300 on account. e. Received cash from the client (c) above, $ 900. c) Critically analyze the statement “Owners’ Equity is a liability for business, which in long run all businesses try to increase over time? Please state whether you agree or disagree with the statement?
Q10. a) Show the effects of the following transactions on the
a. Owner invested $ 12.000 cash in the business.
b. Purchased office supplies by paying $ 65 cash.
c. Performed service for a client on account, $ 950.
d. Purchased computers for the business for $ 1.300 on account.
e. Received cash from the client (c) above, $ 900.
b) 1) Journalize the following transactions
2)
a. Owner invested $ 12.000 cash in the business.
b. Purchased office supplies by paying $ 65 cash.
c. Performed service for a client on account, $ 950.
d. Purchased computers for the business for $ 1.300 on account.
e. Received cash from the client (c) above, $ 900.
c) Critically analyze the statement “Owners’ Equity is a liability for business, which in long run all
businesses try to increase over time? Please state whether you agree or disagree with the statement?
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