Question Solved1 Answer ....................................................................................................... /nFollowing is a list of events for Sterling Moving for the month of January. Show the effects in dollars of these events on the accounting equation by completing the table below. Jan. 1 Owner invested $30,000 cash into the business, 3 Purchased $1,500 of equipment with cash. 5 Purchased $400 of supplies on account. 2. Bought a car, paying $2,000 in cash and signing a note for $10,000, 14 Performed services for a customer for $1,000 on account. 15 Paid employee wages of $600. 18 Paid $2,000 on the note payable for the car purchased on Jan, 12 24 Performed services for a customer for eash, $2,500, 27 Collected $500 from the customer of Jan. 14, 30. Owner withdrew $400 cash for personal use.

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Accounting Equation

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Transcribed Image Text: Following is a list of events for Sterling Moving for the month of January. Show the effects in dollars of these events on the accounting equation by completing the table below. Jan. 1 Owner invested $30,000 cash into the business, 3 Purchased $1,500 of equipment with cash. 5 Purchased $400 of supplies on account. 2. Bought a car, paying $2,000 in cash and signing a note for $10,000, 14 Performed services for a customer for $1,000 on account. 15 Paid employee wages of $600. 18 Paid $2,000 on the note payable for the car purchased on Jan, 12 24 Performed services for a customer for eash, $2,500, 27 Collected $500 from the customer of Jan. 14, 30. Owner withdrew $400 cash for personal use.
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Transcribed Image Text: Following is a list of events for Sterling Moving for the month of January. Show the effects in dollars of these events on the accounting equation by completing the table below. Jan. 1 Owner invested $30,000 cash into the business, 3 Purchased $1,500 of equipment with cash. 5 Purchased $400 of supplies on account. 2. Bought a car, paying $2,000 in cash and signing a note for $10,000, 14 Performed services for a customer for $1,000 on account. 15 Paid employee wages of $600. 18 Paid $2,000 on the note payable for the car purchased on Jan, 12 24 Performed services for a customer for eash, $2,500, 27 Collected $500 from the customer of Jan. 14, 30. Owner withdrew $400 cash for personal use.
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Answer #1DATECASHA/RSUPP.EQUIPCARA/PN/PCAPITALJan-0130000300003-15001500540040012-2000120001000014100015-60018-2000-200024250027500-50030-400-400TOTAL26500500400150012000400800029600ACCOUNTING EQUATION: ASSETS=EQUITY +LIABILITIESIN THE ABOVE CASE TOTAL ASSETS =26500+500+400+1500+12000                      &# ... See the full answer