question archive Analyze the effects of the transactions on the accounting equation for Smith Construction 11/1 Received cash from the owner as an investment, $55,000
Analyze the effects of the transactions on the accounting equation for Smith Construction 11/1 Received cash from the owner as an investment, $55,000
Subject:AccountingPrice: Bought3
Analyze the effects of the transactions on the accounting equation for Smith Construction
11/1 Received cash from the owner as an investment, $55,000.
11/5 Paid creditors on account, $7,000.
11/6 Billed customers for services on account, $2,565.
11/14 Received cash from customers on account, $8,450.
11/20 Paid cash to the owner for personal use, $2,500.
11/25 Paid utility bill, $160
