Use the expanded accounting equation table:   Security and more is


Use the expanded accounting equation table:

Security and more is managed by Manuel Ayala. During the month of January the following transactions were recorded:

The company received cash for an owner investment of $28,000.
Equipment for the guards was purchased for $5,000 on credit.
He paid $1,500 in rent and $700 in electric bill.
A customer was offered a service on credit for $5,000.
Seguridad y más paid $1,500 to the account he had on credit.
$3,000 was received from the customer who had a credit account.
Materials for security guards were purchased in cash for $2,100

Use the expanded ledger table:

Contabilidad Express is an accounting company operated by Orlando Rojas. At the end of April, the following transactions were recorded:

$10,000 was received from Rojas to start the company.
Advertising expenses were paid for $2,000.
A purchase of office supplies was made on credit for $400.
Services rendered to customers on credit were billed for $6,000.
A payment was received for a service rendered at the time for $1,800.
Equipment was purchased for $2,500 and materials for $500 in cash.
A payment for services rendered on credit for $2,500 was received.

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