Question

wa kang Computer Services entered into the following transaction during Feb-2008 H 0 3 1. Purchased computer terminals for $190,000 from Digi Zone in all 2 Paid P40,000 cash for Febmary rent on torage space. 3. Received Phro, o ou cash from customers for contracts bored in January P180 4. too provided computer services to lao construction company for P30; 600 cash 5- Paid Sousteco Il P30,000 cash, for evergy usage in Feb. 6. Was kang invested additional Play, oro in the bustress. 7. Paid digital Equipment for terminals purchased in (1) above 8. Incurred advertising expenses for February of Plo,on on account​

Answer 1

Explanation:

Purchased computers for $20,000 from Data Equipment on account. Select an effect 2. Paid $3,000 cash for May rent on storage space. Select an effect 3. Received $15,000 cash from customers for contracts billed in April. Select an effect 4. Performed computer services for Ryan Construction Company for $2,700 cash. Select an effect 5. Paid Midland Power Co. $11,000 cash for energy usage in May. Select an effect 6. Stockholders invested an additional $32,000 in the business. Select an effect 7. Paid Data Equipment for the computers purchased in (1) above. Select an effect 8. Incurred advertising expense for May of $840 on account.

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