ACCT 121 quiz 1

q1.. ch 1 : Analysistransaction belowusing basic equation and prepare income statment

1- invested $10,000 cash to start business

2- purchased equipment for $5000 cash

3- paid $400 cash for office rent , $2000 salaries and wegas

4- withdrew $ 1000 for personal uses

5-provided services on account to customers$ 6,100get $ 2000 cash and remaining the balance

6-incurred $750 advertising on account

7-collect cash $2100 for services billed

8- paid $ 500 cash to creditor