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Kristin Holden Started Her Own Consulting Business in July,20-- $12,000\$ 12,000

question 79

Essay

Kristin Holden started her own consulting business in July,20--.During the first month,the following transactions occurred:
Required:
a. Owner invested $12,000\$ 12,000 cash in the business.
b. Purchased office equipment for $7,500\$ 7,500 cash.
c. Purchased computer equipment costing $11,500\$ 11,500 on account.
d. Paid $1,100\$ 1,100 office rent for the month.
e. Received $1,700\$ 1,700 cash from a client for services rendered.
f. Paid water bill for the month, $170\$ 170 .
g. Paid $2,400\$ 2,400 on account for computer equipment purchased in transaction (c).
h. Paid the electric bill for the month, $200\$ 200 . Record the effects of these transactions in an accounting equation worksheet.
?
 Kristin Holden started her own consulting business in July,20--.During the first month,the following transactions occurred: Required:  a. Owner invested  \$ 12,000  cash in the business. b. Purchased office equipment for  \$ 7,500  cash. c. Purchased computer equipment costing  \$ 11,500  on account. d. Paid  \$ 1,100  office rent for the month. e. Received  \$ 1,700  cash from a client for services rendered. f. Paid water bill for the month,  \$ 170 . g. Paid  \$ 2,400  on account for computer equipment purchased in transaction (c). h. Paid the electric bill for the month,  \$ 200 . Record the effects of these transactions in an accounting equation worksheet. ?       Kristin Holden started her own consulting business in July,20--.During the first month,the following transactions occurred: Required:  a. Owner invested  \$ 12,000  cash in the business. b. Purchased office equipment for  \$ 7,500  cash. c. Purchased computer equipment costing  \$ 11,500  on account. d. Paid  \$ 1,100  office rent for the month. e. Received  \$ 1,700  cash from a client for services rendered. f. Paid water bill for the month,  \$ 170 . g. Paid  \$ 2,400  on account for computer equipment purchased in transaction (c). h. Paid the electric bill for the month,  \$ 200 . Record the effects of these transactions in an accounting equation worksheet. ?


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