Can you help me fill in the blank for s1-7, and s-9 ****s-1-7 ...
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Accounting
Can you help me fill in the blank for s1-7, and s-9 ****s-1-7
Assets
$42,600
Liabilities
17,220
Josh, Capital
26,240
Josh, Withdrawals
8,500
Revenues
12,080
Expenses
?
S1-9
a.
Received
$ 520
cash for service revenue earned.
b.
Paid$325 cash for salaries expense.
c.
Maxdalecontributed
$ $1,000
to the business in exchange for capital.
d.
Earned $ 640
for service revenue, but the customer has not paid Tiny TownTiny Town Kennel yet.
e.
Received utility bill of
$ 85which will be paid next month.
f.
Maxdale
withdrew
$100
cash.
Homework: Chapter 1 Score: 0 of 2 pts S1-9 (book/static) Tiny Town Kennel earns service revenue by caring for the pets of customers Tiny Town Kennel is owned and operated by Edward Maxdale. D i (click the icon to view the transactions) Indicate the effects of the business transactions on the accounting equation for Tiny Town Kennel Transaction (a) answered as a guide is a. Received $520 cash for service revenue earned Increase equity (Service Revenue) a. Increase asset (cash) b. Paid $325 cash for salaries expense. b
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