Falske Computer Timeshare Comp.any entered into the following trc1nsc1ctions during May 2022. Describe the effect of each transaction on assets. liabilities. and owner's equity. 1. Purchased...

Principles of accounting homework


Falske Computer Timeshare Comp.any entered into the following trc1nsc1ctions during May 2022. Describe the effect of each transaction on assets. liabilities. and owner's equity. 1. Purchased computers for $20.000 from Digital Equipment on account. [ 2. Paid $4.000 cash for May rent on storage space. [ 3. Received $17.000cash from customers for contracts billed in.April. [ 4. Performed computer services for Viking Construction Company for $4,000 cash. [ 5. Paid Tri-State Power Co. $11.000 ccish for energy usage in May. r 6. Fcilske invested an additional $29.000 in the business. [ 7. Paid Digital Equipment for the computers purchased in (1) above. [ 8. Incurred advertising expense for May of $1.200 on account. [ il'::�bi-th. StO'tiro �ur.�:I h;r em:1 co�1:!jrti i1rn. £'i::;';;th Cot'4:. �n,, on -.,� 1, ·2022. TM kf owin. tf'"innctiO<'i� �c11rt�: :'vrin.­ t.i; moi::hofm;'f. {a) sh:,...-th�;�= of � orcio:.� 7".t'l:i�tions e �c11rt�:="" :'vrin.­="" t.i;="" moi::hofm;'f.="" {a)="" sh:,...-th�;�="of" �="" orcio:.�="" 7".t'l:i�tions="">