effect on accounting equation
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
