Sifuentes Consulting owned and managed by Jos

Sifuentes provides marketing #6991

Sifuentes Consulting, owned and managed by José Sifuentes, provides marketing consulting
services. In January 2011, Sifuentes Consulting posted the following transactions.a. (Example)
Received $9,500 cash for consulting services rendered in January.b. Received an additional
$10,000 in cash as an investment from José Sifuentes.c. Purchased $12,000 of equipment,
paying 25 percent in cash and owing the rest on a note due in two years.d. Received $7,500
cash for consulting services to be performed in February.e. Bought $1,000 of supplies on
account.f. Paid $1,100 for December utility bill (recorded as expense in December 2010).g.
Received utility bill for January for $1,250, due February 15.h. Consulted for customers in
January for fees totaling $15,900, due in February.i. Received $12,000 cash for consulting
services rendered in December.j. Paid $500 toward supplies purchased in (e).k. J. Sifuentes
withdrew $3,000 cash from the business.Required:Indicate the accounts, amounts, and
direction of the effects on the firm's accounting equation for each of the transactions. A sample
is provided.
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Sifuentes Consulting owned and managed by Jos Sifuentes provides marketing

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