Solution-Analyze the transactions and indicate the account

Analyze the transactions and indicate the account

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Reference no: EM132775008

Problem 1: Make a table in Excel, analyze the following transactions and indicate the account that increases and the account that decreases, or if both accounts decrease or both accounts increase. It also indicates how the accounting equation (simple) is affected

Cash is received for investment in the business of $ 80,000.

$ 2,200 cash monthly rent is paid.

Office supplies are purchased for $ 600.00 in cash.

Office equipment is purchased on credit for $ 4,000.

Work is performed on a credit customer for $ 2,500.

Reference no: EM132775008

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Analyze the transactions and indicate the account

Reference no: EM132775008

Reference no: EM132775008

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