Question

1. Invested $10,000 cash to start the repair shop.
2. Purchased equipment for $5,000 cash.
3. Paid $400 cash for May office rent.
4. Paid $500 cash for supplies.
5. Incurred $250 of advertising costs in the Beacon News on account.
6. Received $6,100 in cash from customers for repair service.
7. Withdrew $1,000 cash for personal use.
8. Paid part-time employee salaries $2,000.
9. Paid utility bills $170.
10. Provided repair service on account to customers $750.
11. Collected cash of $120 for services provided in transaction (10).
Instructions
(a) Show the effect of above transaction on Accounting Equation.
(b) Compute the net income or net loss for May 2017

Answer 1

Mad

Answer:Mad

Explanation:mad

Mad mad mad

Answer 2

Thunderbird and will take