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  • Zany Delivery Service Is Owned and Operated by Joey PDF

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    Anbu jaromia
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    (1) Joey Bryant invested additional cash of $15,000 into the business, increasing assets and owner's equity. (2) The business paid $900 for advertising expenses. (3) Supplies costing $600 were purchased on account, increasing assets and liabilities. (4) Services of $9,000 were billed to customers on account, increasing revenues. (5) Cash of $5,500 was received from customers to pay down account balances, increasing assets and decreasing liabilities.

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    (1) Joey Bryant invested additional cash of $15,000 into the business, increasing assets and owner's equity. (2) The business paid $900 for advertising expenses. (3) Supplies costing $600 were purchased on account, increasing assets and liabilities. (4) Services of $9,000 were billed to customers on account, increasing revenues. (5) Cash of $5,500 was received from customers to pay down account balances, increasing assets and decreasing liabilities.

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    © All Rights Reserved
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    112 views1 page

    Zany Delivery Service Is Owned and Operated by Joey PDF

    Uploaded by

    Anbu jaromia
    (1) Joey Bryant invested additional cash of $15,000 into the business, increasing assets and owner's equity. (2) The business paid $900 for advertising expenses. (3) Supplies costing $600 were purchased on account, increasing assets and liabilities. (4) Services of $9,000 were billed to customers on account, increasing revenues. (5) Cash of $5,500 was received from customers to pay down account balances, increasing assets and decreasing liabilities.

    Copyright:

    © All Rights Reserved
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    Zany Delivery Service is owned and operated by Joey

    Zany Delivery Service is owned and operated by Joey Bryant. The following selected
    transactions were completed by Zany Delivery Service during February:1. Received cash from
    owner as additional investment, $15,000.2. Paid advertising expense, $900.3. Purchased
    supplies on account, $600.4. Billed customers for delivery services on account, $9,000.5.
    Received cash from customers on account, $5,500.Indicate the effect of each transaction on the
    accounting equation elements (Assets, Liabilities, Owner’s Equity, Drawing, Revenue, and
    Expense) by listing the numbers identifying the transactions, (1) through (5). Also, indicate the
    specific item within the accounting equation element that is affected. To illustrate, the answer to
    (1) is shown below.(1) Asset (Cash) increases by $15,000; Owner’s Equity (Joey Bryant,
    Capital) increases by $15,000.View Solution:
    Zany Delivery Service is owned and operated by Joey
    SOLUTION-- http://accountinginn.online/downloads/zany-delivery-service-is-owned-and-
    operated-by-joey/

    For Solutions Visit accountinginn.online


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