January 15 Issue of Stock
January 17 Office Rent
January 20 Office Supplies
January 25 Office Equipment
January 27 Consulting Servic
January 31 Utilities Expense
$50,000 Memorandum 10b
$200 Invoice 1
Business Transaction 1
Andrew started a business with $70,000 cash, from his personal savings.
- identify: This transaction increased cash on the left side of the equation and the
owners contribution on the right side of the equ
On January 5th, Mr. David took $20,000 from his personal savings and deposited it to start a
business account in the name of David Transport Service.
- Cash in the bank is debit decreased by $20,000 asset and David Transport Service owners