a. Provided services to customers on account for $40,000. b. Receive cash of $32

Question

a. Provided services to customers on account for $40,000.
b. Receive cash of $32,000 from customers in (a) above.
c. Purchase bike equipment by signing a note with the bank for $25,000.
c. Pay utilities of $4,000 for the current month.





















Assets = Liabilities + Stockholders' Equity

a.














b.






















c.














d.



































a. Provided services to customers on account for $40,000.
b. Receive cash of $32,000 from customers in (a) above.
c. Purchase bike equipment by signing a note with the bank for $25,000.
c. Pay utilities of $4,000 for the current month.





















Assets = Liabilities + Stockholders' Equity

a.














b.






















c.














d.

Explanation / Answer

Hi,

Please find the answer as follows:

Thanks.

Assets = Liabilities + Stockholders' Equity
a) 40000 = 0 + 40000
b) 0 = 0 + 0 Cash Increases and
Accounts Receivable Decreases c) 25000 = 25000 + 0
d) -4000 = 0 + -4000

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