Prepare the events under an accounting equation

Reference no: EM131989480

Problem

Therapy Inc. experienced the following events in 2014, its first year of operation:

1. Performed counseling services for $26,000 cash.
2. On February 1, 2014, paid $18,000 cash to rent office space for the coming year.
3. Adjusted the accounts to reflect the amount of rent used during the year.

Required

Based on this information alone

a. Record the events under an accounting equation.

Reference no: EM131989480

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