Answer Happy

Accounting Equation-Exercise Web Marketing Services Inc. completed these transactions during the first part of January 2014: A. Received $5,000 cash from investors, and issued common shares. B. Paid monthly office rent, $500. C. Paid cash for a Dell computer, $3,000, with the computer expected to remain in service for five years. D. Purchased office furniture on account, $6,000, with the furniture projected to last for five years. E. Purchased supplies on account, $900. F. Performed marketing service for a client, and received cash for the full amount of $800. G. Paid utility expenses, $200. H. Performed marketing service for a client on account, $1,700. Analyse transactions using accounting equation.