The Following Events Apply to Bowen's Cleaning Service for 2013

question 80

Essay

The following events apply to Bowen's Cleaning Service for 2013.
1). Issued stock for $14,000 cash.
2). On May 1, paid $9,000 for one year's rent in advance.
3). Purchased on account $2,500 of supplies to be used in the business.
4). Performed services of $18,400 and received cash.
5). At December 31, an inventory of supplies showed that $360 of supplies were still unused.
6). At December 31, adjusted the records for the expired rent.
Required:
Draw an accounting equation and record the effects of the above events under the appropriate account headings. Show the year-end total for each account.

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Definitions:

Racial Discrimination

Unfair treatment or prejudice against individuals or groups based on their race or ethnicity.

Title VII

A section of the Civil Rights Act of 1964 that prohibits employment discrimination based on an individual's race, color, religion, gender, or national origin.

Sex Discrimination

Unfair or unequal treatment based on an individual's sex, often resulting in disadvantage or exclusion.

Hostile Work Environment

A form of harassment in a workplace where the conduct creates an intimidating, hostile, or offensive environment for employees.