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Following is a list of events for Sterling Moving for the month of January. Show the effects in dollars of these events on the accounting equation by completing the table below.
Jan. 1 Owner invested $30,000 cash into the business.
3 Purchased $1,500 of equipment with cash.
5 Purchased $400 of supplies on account.
12 Bought a car, paying $2,000 in cash and signing a note
for $10,000.
14 Performed services for a customer for $1,000 on account.
15 Paid employee wages of $600.
18 Paid $2,000 on the note payable for the car purchased on Jan. 12.
24 Performed services for a customer for cash, $2,500.
27 Collected $500 from the customer of Jan. 14.
30 Owner withdrew $400 cash for personal use.
Depression
A frequent and severe mental health disorder marked by ongoing emotions of despair, desolation, and a disinterest or absence of enjoyment in pursuits.
Alcohol Use Disorder
An ailment marked by the unsuccessful effort to stop or moderate alcohol use, which persistently leads to undesired effects in one’s social environment, occupation, or physical health.
Inhibited Sexual Desire
A condition characterized by a persistent lack of sexual fantasies and desire for sexual activity.
Major Depressive Episode
A period characterized by pervasive feelings of sadness, loss of interest in activities, and other symptoms, significantly impairing daily function.
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