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July 31, 2014

Homework Help: Accounting

Posted by Rescueme417 on Monday, November 26, 2012 at 1:49pm.

Record the following transactions using the accounting equation.

Example:
Assets = Liabilities + Equity
XXXX(cash) XXXX(accounts payable)

A. Amanda invests $17,000 cash into her merchandising
business.
B. She buys $6,500 of office equipment and $3,000 of office
supplies with cash from Office Depot.
C. Additional purchases were supplies for $35,000 on
account from various suppliers.

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