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Analyze Each of the Following Transactions in Terms of Their

question 142

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Analyze each of the following transactions in terms of their effects on the accounting equation of Hawkins Delivery Service.Enter the correct amounts in the columns of the spreadsheet.
a)The owner,James Hawkins contributes $75,000 to form the business.
b)The business purchases $750 of office supplies on account.
c)The business pays cash to purchase a delivery van for $25,000.
d)Services are performed for clients and $5,000 cash is received.
e)Cash is paid for office rent expense,$800 and utilities expense,$400.
f)The owner withdrew $1,000 from the company. Analyze each of the following transactions in terms of their effects on the accounting equation of Hawkins Delivery Service.Enter the correct amounts in the columns of the spreadsheet. a)The owner,James Hawkins contributes $75,000 to form the business. b)The business purchases $750 of office supplies on account. c)The business pays cash to purchase a delivery van for $25,000. d)Services are performed for clients and $5,000 cash is received. e)Cash is paid for office rent expense,$800 and utilities expense,$400. f)The owner withdrew $1,000 from the company.


Definitions:

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of humans, which outlines eight stages from infancy to adulthood.

Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development.

Harlow

Refers to Harry Harlow, a psychologist known for his research on maternal separation and social isolation in rhesus monkeys.

Vygotsky

Lev Vygotsky, a Russian psychologist known for his theory on social development and the concept of the Zone of Proximal Development.

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