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lana [24]
3 years ago
10

Complete the Transaction Worksheet: On the form provided, identify the accounts affected by each transaction and the amount of i

ncrease or decrease in each account. Make sure the accounting equation is in balance after each transaction.
1. Jan Swift, owner, deposited $30,000 in the business checking account.
2. The owner transferred to the business a desk and chair valued at $700.
3. WordService issued a check for $4,000 for the purchase of a computer.
4. The business bought office furniture on account for $5,000 from Eastern Furniture.
5. The desk and chair previously transferred to the business by the owner were sold on account for $700.
6. WordService wrote a check for $2,000 in partial payment of the amount owed to Eastern Furniture Company.
Use the Excel spreadsheet form for posting the transactions.
Determine the effects of the transations
Assets =Liabilities + Owner's Equity
Trans Cash in + Accounts + Computer + Office =Accounts + Jan Swift,
Bank Receivable Equipment Furniture Payable Capital
1
2
3
4
5
6
Bal.
Business
1 answer:
antiseptic1488 [7]3 years ago
6 0

Answer:

I used an excel spreadsheet because there is not enough room here.

Explanation:

Download pdf
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