The following transactions occurred in the month of January 2021. Perform a nsaction analysis to find the effect of the transactions on the accounting equation. 1. Veti the owner invested $30,000 cash in the business 2. Purchased office equipment S10,000 from Store Depot Inc. on account 3. Owner withdrew $5,000 cash 4. Paid maintenance charges $2,000 cash 5. Purchased laptops $2,000 on cash 6. Paid cash $9,000 for transaction 2 7. Paid salary $8,000 cash 8. Performed legal consultancy services to the client $15,000 on account 9. Veti the owner invested equipment $6,000 in the business 10. Received cash S10,000 for transaction 8

The following transactions occurred in the month of January 2021. Perform a nsaction analysis to find the effect of the transactions on the accounting equation. 1. Veti the owner invested $30,000 cash in the business 2. Purchased office equipment S10,000 from Store Depot Inc. on account 3. Owner withdrew $5,000 cash 4. Paid maintenance charges $2,000 cash 5. Purchased laptops $2,000 on cash 6. Paid cash $9,000 for transaction 2 7. Paid salary $8,000 cash 8. Performed legal consultancy services to the client $15,000 on account 9. Veti the owner invested equipment $6,000 in the business 10. Received cash S10,000 for transaction 8

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Description: The following transactions occurred in the month of January 2021. Perform aansaction analysis to find the effect of the transactions on the accounting equation.1. Veti the owner invested $30,000 cash in the business2. Purchased office equipment S10,

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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