B Goode Has the Following Transactions During April of the Current

question 116

Essay

B. Goode has the following transactions during April of the current year. Indicate
(a) the effect on the accounting equation and (b) the debit-credit analysis.
Apr. 1 Opens a law office, investing $25,000 in cash.
4 Pays rent in advance for 6 months, $10,800 cash.
16 Receives $8,000 from clients for services provided.
27 Pays secretary $3,000 salary.

---

Definitions:

Tap

A brief, light touch or strike, often used in context with touchscreen devices to select options or enter data.

Mouse Operation

The actions or commands given to a computer using a mouse, including clicking, double-clicking, dragging, and right-clicking.

Point

A specific location or position in a space or on a surface.

Productive Tasks

Activities that contribute to achieving work-related goals or objectives, often involving the creation or processing of documents and data.