Question

"Selected transactions for Bramble Corp. during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $20,800 cash received from investors. 5 Purchased equipment for $9,480, paying $2,980 in cash and the balance on account. 8 Performed services on account for $20,400. 14 Paid salaries of $3,600. 25 Paid $3 ,440 cash on balance owed for equipment. 30 Paid $840 cash dividend."Complete a tabular analysis of the September transactions.

Answer 1

Answer:

Attached file for space reasons

Explanation:

We will write the accounts horizontally and then, write each movement

at the end of the month we calcualte the totals for each account

As it is quite extensive i uploaded the answer

We can notice teh accounting equation

Assets = Liabiltiies + Equity

39,820 =   3,060   +  36,760