Analyze effect of redmon transaction on accounting equation

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Reference no: EM132451081

Carl Redmon completed these transactions during the 1st half of December: December 2nd Invested $10,000 to start a consulting practice titled Redmon Consulting December 2nd Paid monthly office rent of $500 December 3rd Paid cash for DELL computer that cost $2,000. This Equipment is expected to remain in service for 5 years. December 4th Purchased office furniture on account that cost $3,600. The furniture should last for 5 years. December 5th Purchased supplies on account of $300. December 9th Preformed consulting service for a client on account of $1,700. December 12th Paid Utility expense of $200. December 18th Performed service for a client and received cash of $800.

Question 1) Analyze the effects of Redmon's transactions on the accounting equation. Include cash, accounts receivable, Supplies, Equipment, furniture, accounts payable, and carl Redmond capital

Reference no: EM132451081

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