(a) earned $7,000 fees; customer will pay later.
(b) purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit
(c) paid $3,000 for rent for january,
(d) purchased $2,500 of supplies on account.
(e) a. allen $1,000 investment in the company.
(f) received $7,000 in cash for fees earned previously,
(g) paid $1,200 to creditors on account.
(h) paid wages of $6.250.
(i) received $7.150 from customers on account.
6) a. allen withdrawal of $1,750.
4. for part (1), which accounts are affected?
supplies, allen, capital and cash
accounts receivable and cash
cash and accounts receivable
allen, withdrawal and cash