4. Indicate the effects of the following business transactions on the accounting equation of Vivian's...
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4. Indicate the effects of the following business transactions on the accounting equation of Vivian's Online Video store. Transaction (a) is answered as a guide. (Click the icon to view the transactions.) a. Received cash of $10,000 from issuance of common stock. (Common Stock) a. Increase asset (Cash) ; Increase equity b. Earned video rental revenue on account, $2,800. b. (1) (2) c. Purchased office furniture on account, $300. C. (5) ; (11) (12) d. Received cash on account, $400. d. (9) (10) e. Paid cash on account, $100. e. (13) (14) (16) f. Rented videos and received cash of $200. f. (17) (18) ; (19) (20) g. Paid monthly office rent of $1,000. g. (21) (22) : (23) (24) h. Paid $100 cash to purchase office supplies. h. (25) (26) (27) (28) a. Received cash of $10,000 from issuance of common stock. b. Earned video rental revenue on account, $2,800. c. Purchased office furniture on account, $300. d. Received cash on account, $400. e. Paid cash on account, $100. f. Rented videos and received cash of $200. g. Paid monthly office rent of $1,000. h. Paid $100 cash to purchase office supplies
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