Katie's Wedding Planning Service completed the following ...

[biggirl4568]

Katie's Wedding Planning Service completed the following transactions:
a. Billed clients for service, $1,250.
b. Completed work for clients who paid $500 cash.
c. Received a bill for utilities to be paid later, $120.
d. Collected cash on account from clients, $700.
e. Paid the amount due for utilities.
f. Withdrew $500 cash for personal use.
Required: Record the above transactions in the expanded accounting equation. Note that the items have beginning balances.
Katie's Wedding Planning Service

​	​	ASSETS	=	LIAB.	OWNER'S EQUITY	​	​	​
​	Cash    +	Accts.Rec.	=	Accts Payable	Katie, Capital	+Rev.	-Exp.	-Katie, With.
beg.	$ 800	$ 85	=	$300	$235	$ 900	$400	$150
a.	​	​	​	​	​	​	​	​
b.	​	​	​	​	​	​	​	​
c.	​	​	​	​	​	​	​	​
d.	​	​	​	​	​	​	​	​
e.	​	​	​	​	​	​	​	​
f.	​	​	​	​	​	​	​	​
T	​	​	​	​	​	​	​	​

[ASDFGJLO]

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[biggirl4568]

Excellent

[Alyson.hiatt@yahoo.com]

Great answer, keep it coming