Question

using significant energy. Closing it may improve the responsiveness of your Mac. Obj. 4 Example Exercise 13 Bridgeport Delivery Service is owned and operated by Jerome Foley. The following selected transactions were completed by Bridgeport Delivery Service during February Show Me How 1. Received cash from owner as additional Investment. $40.000 2. Billed customers for delivery services on account, $13,750. 3. Pald creditors on account, $2,500. 4. Received cash from customers on account. $9.000. 5. Paid cash to owner for personal use. 1,000. Indicate the effect of each transaction on the accounting equation elements (Assets, Liabilities, Owner's Equity, Drawing, Revenue and Expense). Also indicate the specific item within the accounting equation element that is affected To illustrate, the answer to (1) follows: (1) Asset (Cash) increases by 540,000; Owner's Equity Clerome Foley, Capital) increases by $40.000

Answer 1

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# Asset(cas,] increased by_$40.000 owner's faoudy [Capital] increased by_tyocto. 2 2 Assets [Account Receivable] increased by $13,70 Revenue Delivery service feest increased by $13.10. 3 를 Asset [ cash? Decreased by $2500 Liability { creditors] Decreased by $2500. 4 Asset [cash] inexcesal by90273 Asset [ Account Receivable}_Decreased by $9000- 5. Asset [cash) Decreased by $ 100 Doaning | 1) increase by $1000 (XYZ Pearson THANK YOU!! CS Scanned with CamScanner