Christopher started a new business, and completed the following transactions during December: Dec. 1 Christopher contributed $21,000 cash on exchange for capital 2 received $3,500 cash from customers for services performed. 5 paid $200 cash for office supplies 9 performed services for a customer, and billed the customer for services rendered $2,000 10 received $300 bill for utilities due in two weeks 15 Paid for advertising in the local paper $325 20 Paid bill utility received on Dec.10 25 collected cash from customer billed on Dec. 9 28 paid rent for the month, $2,000 28 paid $1,250 to assistant for wages 30 received $1,800 cash from customers for services performed Christopher withdraw $5,000 cash from the business. Analyze the effects of transactions on the accounting equation
Christopher started a new business, and completed the following transactions during December:
Dec. 1 Christopher contributed $21,000 cash on exchange for capital
2 received $3,500 cash from customers for services performed.
5 paid $200 cash for office supplies
9 performed services for a customer, and billed the customer for services rendered $2,000
10 received $300 bill for utilities due in two weeks
15 Paid for advertising in the local paper $325
20 Paid bill utility received on Dec.10
25 collected cash from customer billed on Dec. 9
28 paid rent for the month, $2,000
28 paid $1,250 to assistant for wages
30 received $1,800 cash from customers for services performed
Christopher withdraw $5,000 cash from the business.
Analyze the effects of transactions on the
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