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Unformatted text preview: The business paid its rent monthly rent of $950 in cash. The business’ owner got an Earnings distribution of $50 to pay for home phone service charge. Requirement a. Show the effects of the above transactions on the company’s accounting equation. b. Prepare the financial statement for the month ended Jan 31. Accounting Principles 1 Exercise 1...
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This note was uploaded on 10/22/2010 for the course BUSINESS BAIU09 taught by Professor Mr.ken during the Spring '10 term at American InterContinental University Dunwoody.
- Spring '10