Maurice Tutor

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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Sep 2017 My Price 7.00

All-in-one Accounting Service

Using the accounting equation to analyze transactions and calculate net income or net loss

The analysis of the first eight transactions of All-in-one Accounting Service follows. The owner made only one investment and there were no owner drawings.

 

 

Cash

+ Accounts receivable

+ Equipment

= Accounts payable

+ Larrison capital

1

+ 31,000

      

+ 31,000

2

  

+ 3,800

    

+ 3,800

3

    

+ 13,400

+ 13,400

  

4

+ 190

– 190

      

5

– 410

  

+ 410

    

6

– 8,000

    

– 8,000

  

7

+ 790

      

+ 790

8

– 1,500

      

– 1,500

 

 

Requirements

1. Describe each transaction.

2. If these transactions fully describe the operations of All-in-one Accounting Service during the month, what was the amount of net income or net loss?

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Sep 2017 07:09 PM My Price 7.00

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