Question #2 - Post the transactions to the Ledger PLEASEE HELP ME HURRU.I AM IN DESK Wanda, the owner invests $40,000 into her business Acme Company Purchases equipment on credit for $10,000 Does work for a customer and immediately receives $3000 Does work for another customer for $4000 and sends them a bill Purchases office supplies for $1500 Receives payment of $2,500 from customer in # 4 above Pays assistant $1,000 Pays rent of $1,200 Pays $4,000 towards equipment purchased in #2 Takes out $200

Question #2 - Post the transactions to the Ledger PLEASEE HELP ME HURRU.I AM IN DESK Wanda, the owner invests $40,000 into her business Acme Company Purchases equipment on credit for $10,000 Does work for a customer and immediately receives $3000 Does work for another customer for $4000 and sends them a bill Purchases office supplies for $1500 Receives payment of $2,500 from customer in # 4 above Pays assistant $1,000 Pays rent of $1,200 Pays $4,000 towards equipment purchased in #2 Takes out $200

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Description: Question #2 - Post the transactions to the LedgerPLEASEE HELP ME HURRU.I AM IN DESKWanda, the owner invests $40,000 into her business Acme CompanyPurchases equipment on credit for $10,000Does work for a customer and immediately receives $3000Does wo

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter2: Analyzing Transactions Into Debit And Credit Parts

Section2.3: Analyzing How Transactions Affect Owner’s Equity Accounts

Problem 1WT

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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