Reference no: EM131788400

Problem

AS Company is a company dedicated to removals. Its owner, Andres Santiago, began operations in November. Analyzes and records the following business transactions in the accounting equation (indicates increase + and decrease -) and in the Journal (account affected by debt and credit):

• Andrés Santiago made a $ 12,000 investment in the business.
• He paid $ 3,600 for business insurance for a full year.
• He collected $ 5,000 in cash from his clients, for services already made at the time.
• He offered credit services of $ 2,500, and invoiced them to customers.
• He paid $ 1,000 for the monthly water and electricity bills.
• Withdrew $ 200 from the business account for personal use.
• Charged $ 1,000 for services billed on day 4.
• He bought land valued at $ 30,000, for which he paid $ 10,000 in cash and the rest went on credit with a guaranteed note.
• He bought office equipment for $ 2,500 in cash.
• Purchased weighing equipment for $ 5,000, on credit.