6. Selected transactions for A. Mane, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $10,000 cash in business. 3 Purchased used car for $3,000 cash for use in...


6. Selected transactions for A. Mane, an interior decorator, in her first month of business, are as<br>follows.<br>Jan.<br>2 Invested $10,000 cash in business.<br>3 Purchased used car for $3,000 cash for use in business.<br>9 Purchased supplies on account for $500.<br>11 Billed customers $2,400 for services performed.<br>16 Paid $350 cash for advertising.<br>20 Received $700 cash from customers billed on January 11.<br>23 Paid creditor $300 cash on balance owed.<br>28 Withdrew $1,000 cash for personal use by owner.<br>Analyse the above transactions with the extended accounting equation.<br>

Extracted text: 6. Selected transactions for A. Mane, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $10,000 cash in business. 3 Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $500. 11 Billed customers $2,400 for services performed. 16 Paid $350 cash for advertising. 20 Received $700 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Withdrew $1,000 cash for personal use by owner. Analyse the above transactions with the extended accounting equation.

Jun 11, 2022
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