# Jay pembroke started a business. during the first month (april 20–),

Jay Pembroke started a business. During the first month (April 20–), the following transactions occurred.

a.  Invested cash in business, \$18,000.

b.  Bought office supplies for \$4,600: \$2,000 in cash and \$2,600 on account.

c.  Paid one-year insurance premium, \$1,200.

d.  Earned revenues totaling \$3,300: \$1,300 in cash and \$2,000 on account.

e.  Paid cash on account to the company that supplied the office supplies in transaction (b), \$2,300.

f.  Paid office rent for the month, \$750.

g.  Withdrew cash for personal use, \$100

Required:

Show the effects of the transaction of invidual accounts on the Accounting Equation. After transaction g, show the totals of each element

# Jay pembroke started a business. during the first month (april 20–),

Jay Pembroke started a business. During the first month (April 20–), the following transactions occurred.

a.  Invested cash in business, \$18,000.

b.  Bought office supplies for \$4,600: \$2,000 in cash and \$2,600 on account.

c.  Paid one-year insurance premium, \$1,200.

d.  Earned revenues totaling \$3,300: \$1,300 in cash and \$2,000 on account.

e.  Paid cash on account to the company that supplied the office supplies in transaction (b), \$2,300.

f.  Paid office rent for the month, \$750.

g.  Withdrew cash for personal use, \$100

Required:

Show the effects of the transaction of invidual accounts on the Accounting Equation. After transaction g, show the totals of each element

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