effect on accounting equation

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Incurred advertising expense for May of $1,300 on account.

increase liabilities, decrease stockholder's equity

Purchased additional equipment for cash.

Increase assets, decrease assets

Incurred advertising expense on account.

Increase liabilities; Decrease stockholders' equity

paid rent of $5,200

decrease asset cash, decrease stockholder's equity

paid Ladd for the computers purchased in (#2 on account)

decrease asset, decrease liabilities

Paid $4,000 cash for May rent on storage space.

decrease asset, decrease stockholder's equity

Paid salaries of $28,000.

decrease asset, decrease stockholder's equity

paid dividends of $11,000 to shareholders

decrease asset, decrease stockholder's equity

paid western states power co. $8,000 cash for energy usage in May

decrease asset, decrease stockholder's equity

Paid dividend to stockholders.

decrease assets and decrease stockholders' equity

paid monthly rent

decrease assets and decrease stockholders' equity

Purchased delivery trucks for $60,000 cash.

decrease assets, increase assets (equipment)

Received $12,000 cash from customers for contracts billed in (4). (Performed computer services worth $19,000 on account.)

increase asset cash, decrease asset accounts receivable

Purchased computers for office use for $30,000 from Dell on account.

increase asset, and increase liability

Stockholders invested $40,000 in the business in exchange for common stock of the company

increase asset, and increase stockholder's equity

purchased supplies for $4,700 on account

increase asset, increase liabilities

Performed computer services worth $19,000 on account.

increase asset, increase stockholder's equity

Purchased equipment on account.

increase assets and increase liabilities

Issued common stock to investors in exchange for cash received from investors.

increase assets and increase stockholder's equity

received cash from customers when service was performed

increase assets and increase stockholder's equity

billed customers for services performed

increase assets and increase stockholders' equity.

received cash from customers billed in (#4, billed for services performed)

increase assets, decrease assets

Borrowed $45,000 by issuing bonds.

increase assets, increase liability

Performed computer services to Lawton Construction Company for $5,000 cash.

increase assets, increase stockholder's equity

Performed services on account for $10,000.

increase assets, increase stockholder's equity

Received $16,000 from customers for services performed.

increase assets, increase stockholder's equity

issued shares of common stock to investors in exchange for $100,000 in cash

increase assets, increase stockholder's equity


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