FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:6. Selected transactions for A. Mane, an interior decorator, in her first month of business, are as
follows.
Jan.
2 Invested $10,000 cash in business.
3 Purchased used car for $3,000 cash for use in business.
9 Purchased supplies on account for $500.
11 Billed customers $2,400 for services performed.
16 Paid $350 cash for advertising.
20 Received $700 cash from customers billed on January 11.
23 Paid creditor $300 cash on balance owed.
28 Withdrew $1,000 cash for personal use by owner.
Analyse the above transactions with the extended accounting equation.
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