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Business · Accounting
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The Copy Center had the transactions listed below during the month of June TRANSACTIONS 1. John Amos started the business with a cash investment of $53,000 2. Purchased equipment for $18,500 on credit. 3. Performed services for $2,400 in cash 4. Purchased additional equipment for $3,900 in cash 5. Performed services for $4,700 on credit. 6. Paid salaries of $4,100 to employees. 7. Received $2,500 cash from charge account customers 8. Paid $10,200 to a creditor on account Show how each transaction would be recorded in the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Accounts Receivable Owners Equity Liabilities+ Accounts EquipmentPayable John Amos,Revenue Cash + Expenses ital 1. 2. 4 52. Purchased equipment for $18,500 on credit. 3. Performed services for $2,400 in cash 4. Purchased additional equipment for $3,900 in cash. 5. Performed services for $4,700 on credit. 6. Paid salaries of $4,100 to employees 7. Received $2,500 cash from charge account customers 8. Paid $10,200 to a creditor on account. Show how each transaction would be recorded in the accounting equation. (Enter decreases to account balances with a minus sign.) Assets Owners Equity Liabilities+ Accounts Accounts Equipmen Receivable John Amos Capital Cash tPayable + RevenueExpenses 1. 2. 4 5 8 Totals$

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