Record the following transactions into the expanded accounting equation for the Jose Perez Company. Note all titles have beginning balances. (You will need to determine the beginning capital balance.) a. Rendered services for cash, $40. b. Billed customers for services rendered, $200. c. Received the monthly utility bill to be paid later, $30. d. Collected $60 on account from customers. e. Paid the utility bill recorded in c. f. Withdrew $30 cash for personal use. Jose Perez Company

ASSETS = LIABILITIES + OWNER`S EQUITY

cash+ accounts receivable accounts payable J. Perez capital +rev. -exp J. Perez withdrawals

Beginning Balance:

+800 +50 =+200 +? +700 -400 -200

a.

b.

c.

d.

e.

f.

Totals:

Question

Record the following transactions into the expanded accounting equation for the Jose Perez Company. Note all titles have beginning balances. (You will need to determine the beginning capital balance.)
a. Rendered services for cash, $40.
b. Billed customers for services rendered, $200.
c. Received the monthly utility bill to be paid later, $30.
d. Collected $60 on account from customers.
e. Paid the utility bill recorded in c.
f. Withdrew $30 cash for personal use.
Jose Perez Company

	ASSETS		= LIABILITIES	+ OWNER`S EQUITY
	cash+	accounts receivable	accounts payable	J. Perez capital	+rev.	-exp	J. Perez withdrawals
Beginning Balance:
	+800	+50	=+200	+?	+700	-400	-200
a.
b.
c.
d.
e.
f.
Totals:

Quizplus · Accepted Answer

The Answer of Record the following transactions into the expanded accounting equation for the Jose Perez Company. Note all titles have beginning balances. (You will need to determine the beginning capital balance.) a. Rendered services for cash, $40. b. Billed customers for services rendered, $200. c. Received the monthly utility bill to be paid later, $30. d. Collected $60 on account from customers. e. Paid the utility bill recorded in c. f. Withdrew $30 cash for personal use. Jose Perez Company

	ASSETS		= LIABILITIES	+ OWNER`S EQUITY
	cash+	accounts receivable	accounts payable	J. Perez capital	+rev.	-exp	J. Perez withdrawals
Beginning Balance:
	+800	+50	=+200	+?	+700	-400	-200
a.
b.
c.
d.
e.
f.
Totals:

Record the Following Transactions into the Expanded Accounting Equation for the Jose