Question

last 3 pics is all one chart just many parts bc so long

Question 3 of 6 -/1 E View Policies Current Attempt in Progress Helen Martin started her own consulting firm, Ivanhoe Consulting, on May 1, 2020. The following transactions occurred during the month of May May 1 2 3 5 9 12 15 17 20 23 26 29 30 Trixie invested $6,800 cash in the business. Paid $950 for office rent for the month Purchased $700 of supplies on account. Paid $190 to advertise in the County News. Received $4.000 cash for services performed. Withdrew $1.200 cash for personal use. Performed $5.500 of services on account. Paid $2.000 for employee salaries Made a partial payment of $500 for the supplies purchased on account on May 3. Received a cash payment of $4.000 for services performed on account on May 15. Borrowed $4.700 from the bank on a note payable. Purchased equipment for $4,300 on account. Paid $250 for utilities (a) Show the effects of the previous transactions on the accounting equation. (If a transaction results in a decrease in Assets, Liabilities or Owners Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item

Answer 1

= Owner's Equity Owner's + Revenues Drawings + Expenses + + + $950 + + 5 + + + $190 + $4,000 + II Assets Liabilities Accounts Accounts Date Cash + + Supplies + Equipment = Notes Payable + Receivable + Owner's Capital - Payable 1 $6,800 + + + + $6,800 2 ($950) + + + + + 3 + $700 + + $700 + 5 ($190) + + + + + 9 $4,000 + + + + + 12 ($1,200) + + + + + 15 + $5,500 + + + + 17 ($2,000) + + + + + 20 ($500) + + + ($500) + 23 $4,000 + ($4,000) + + + 26 $4,700 + + + $4,700 + 29 + + + $4,300 + $4,300 + 30 ($250) + + + + + Total $14,410 + $1,500 + $700 + $4,300 $4,700 + $4,500+ $6,800 $1,200 + + + $5,500 + + $2,000 + + + + + + + + + + + $250 $3,390 I! $1,200 + $9,500

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