I have 3 columns-Assets, Liabilities, and Equity.I need to know what the following transactions go to each account and if it is DR or CR (The Company is Copymaster Corp)1) Shareholders invested$5,000 cash to begin business2) Copymaster bought copying machine for $1.5003) Copymaster sold copies to customers for $500 each4) Copymaster p[roduced copies of Fellows Corp, its customer. The total sale amount was $1,200. Copymaster agreed to bill Fellows for the sale at the end of the month (Additional question on this one: How does billing at the end of the month affect the Asset or Liability accounts if at all)5) Copymaster paid employees $6006) Copymaster bought supplies for $3007) Colpy master paid rent $7008) Copy Master paid utilites for $5009) Copymaster bought office furniture for $50010) Copymaster had an unpaid phone bill at end of month for $100

Question

I have 3 columns-Assets, Liabilities, and Equity.
I need to know what the following transactions go to each account and if it is DR or CR (The Company is Copymaster Corp)

1) Shareholders invested$5,000 cash to begin business

2) Copymaster bought copying machine for $1.500

3) Copymaster sold copies to customers for $500 each
4) Copymaster p[roduced copies of Fellows Corp, its customer. The total sale amount was $1,200. Copymaster agreed to bill Fellows for the sale at the end of the month (Additional question on this one: How does billing at the end of the month affect the Asset or Liability accounts if at all)

5) Copymaster paid employees $600
6) Copymaster bought supplies for $300

7) Colpy master paid rent $700

8) Copy Master paid utilites for $500

9) Copymaster bought office furniture for $500

10) Copymaster had an unpaid phone bill at end of month for $100

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