I don’t know how to show all these transactions e: Corpus Christi | M| AC* CengageNoWv2| Online teach xceAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseShow the effect of each transaction on the three basic accounting elements by Indicating the dollar amount of the increase or decrease under the proper element heading. Compute theresulting accounting equation.Owner invested $16,500 cash in the business.Paid premium for two-year insurance policy, $1,500.a.b.C.Purchased a van valued at $35,000 with $5,000 down payment; the balanceto be paid over three years.d.Paid the rent for the month, $900.е.Purchased $470 of supplies for cash.f.Cash sales for the month, $8,750.g.Billed credit customers $14,200 for monthly services.h.Paid monthly utility bill, $210.1.Owner withdrew $2,200 for personal use.J.Received payments of $3,300 from credit customers.%3DASSETS

The transactions and events of the company will be recorded in the books of accounts in an…

Show the effect of each transaction on the three basic accounting elements by Indicating the dollar amount of the Increase or decrease under the proper element heading. Compute the resulting accounting equation. a. Owner invested $16,500 cash in the business. b. Paid premium for two-year insurance policy, $1,500. C. Purchased a van valued at $35,000 with $5,000 down payment; the balance to be paid over three years. d. Paid the rent for the month, $900. е. Purchased $470 of supplies for cash. f. Cash sales for the month, $8,750. g. Billed credit customers $14,200 for monthly services. h. Paid monthly utility bill, $210. 1. Owner withdrew $2,200 for personal use. j. Received payments of $3,300 from credit customers.

Show the effect of each transaction on the three basic accounting elements by Indicating the dollar amount of the Increase or decrease under the proper element heading. Compute the resulting accounting equation. a. Owner invested $16,500 cash in the business. b. Paid premium for two-year insurance policy, $1,500. C. Purchased a van valued at $35,000 with $5,000 down payment; the balance to be paid over three years. d. Paid the rent for the month, $900. е. Purchased $470 of supplies for cash. f. Cash sales for the month, $8,750. g. Billed credit customers $14,200 for monthly services. h. Paid monthly utility bill, $210. 1. Owner withdrew $2,200 for personal use. j. Received payments of $3,300 from credit customers.

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter22: Master Budget (master)

Section: Chapter Questions

Problem 2R: Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas...

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