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The debit credit analysis illustrated on pages 61 to 66

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Reference no: EM131138520

T. J. Carlin has the following transactions during August of the current year. Indicate

(a) The effect on the accounting equation and 

(b) The debit-credit analysis illustrated on pages 61-66 of the text.

Aug. 1 Opens an office as a financial advisor, investing $8,000 in cash.
4 Pays insurance in advance for 6 months, $1,800 cash.
16 Receives $800 from clients for services provided.
27 Pays secretary $1,000 salary.

Reference no: EM131138520

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