Record the Following Transactions into the Expanded Accounting Equation for the Jose

question 5

Essay

Record the following transactions into the expanded accounting equation for the Jose Perez Company. Note all titles have beginning balances. (You will need to determine the beginning capital balance.)
a. Rendered services for cash, $40.
b. Billed customers for services rendered, $200.
c. Received the monthly utility bill to be paid later, $30.
d. Collected $60 on account from customers.
e. Paid the utility bill recorded in c.
f. Withdrew $30 cash for personal use.
Jose Perez Company

	ASSETS		= LIABILITIES	+ OWNER`S EQUITY
	cash+	accounts receivable	accounts payable	J. Perez capital	+rev.	-exp	J. Perez withdrawals
Beginning Balance:
	+800	+50	=+200	+?	+700	-400	-200
a.
b.
c.
d.
e.
f.
Totals:

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Definitions:

Free-Radical Chlorination

A chemical reaction that involves the substitution of hydrogen atoms in alkanes with chlorine atoms via a free-radical mechanism.

Ethane

A colorless, odorless gas that is the simplest alkane, with the formula C2H6, used as a fuel.

Resonance Form

Structures that depict individual contributors to the overall delocalization of electrons within a molecule.

Free Radical

Highly reactive atoms or molecules with unpaired electrons, capable of engaging in chemical reactions that can lead to polymerization or degradation.