Other
Financial Accounting

Question Description

I need help with a question. All explanations and answers will be used to help me learn.

Excel Spreadsheet - 1st 3 tabs done - need last 3 completed

 

Transactions

  1. Invested $50,000 in the business
  2. Paid $100 for phone service
  3. Purchased $35,000 equipment on credit
  4. Paid $3,000 for 3 months rent
  5. Paid $5,500 for 6 months of insurance 
  6. Paid $1,000 for advertising on credit (Note: This is an expense to the company)
  7. Customer purchased $2,000 on account
  8. Customer in #7 paid $1,000 on account
  9. Paid for #6 advertising
  10. Sold to customer and received $5,000 cash 


 

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Final Answer

sagitahm (527)
UT Austin

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