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Determine what mean for accounting ledger

Assignment Help Accounting Basics
Reference no: EM132463249

Task : The expanded accounting equation

Michael Brown opened his law office on June 1, 2013. During the first month of operations, Michael conducted the following transactions:

Apr. 1 Invested $6000 in cash into the law practice

Apr. 1 Paid $600 for office equipment

Apr. 3 Purchased additional office equipment on account, $1000

Apr 5 Received cash for performing legal services for client, $2000

Apr 8 Paid part-time salaries. $800

Apr. 12 Performed legal services for clients on account, $1000

Apr. 15 Paid rent, $1200

Apr. 20 Withdrew $500 from his law practice for personal use

Apr. 22 Received $500 from clients in partial payment for actions performed on

Apr. 12

Apr 23 Purchased additional office supplies on credit, $2000

Apr 30 Paid $1700 cash for an assistant's salary for the second half of the month

Apr. 30 Withdrew $2400 cash from the business for personal use

Question 1: Use the proper accounting procedure to place the above transactions correctly in the table below Aker completing the transactions, make sure that you balance each column. Use the fillable document called Accounting ledger paper for Completing these transactions

Reference no: EM132463249

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