Use the following table to show the effects of transactions. Use + or -and the dollar amount to show the effects. If a transaction affects only one cell, show the dollar amount and both + and -. The transactions describe events for Copymaster Corporation.Table is set up as folliowing to record transactionsAssets Liabilities Equity1) Shareholders investd $5,000 each to begin business2) Copymaster bought copying machine for $1,5003) Copymaster sold copies to customers for $500 cash4) Copymaster produces copies for Fellows Corporation, its customer. The total sale amount was $1,200. Copymaster agreed to bill Fellows for the sale at the end of the month5) Copymaster paid employees $6006) Copymaster bought supplies for $3,007) Copymaster paid rent for $7008) Copymaster paid utilities for $2009) Copymaster bought office furniture for $50010) Copymaster had an unpaid phone bil at month-end for $100Please put these in the correct column with either + or - and if possible please explain why you applied each transaction the way you did.
Use the following table to show the effects of transactions. Use + or -and the dollar amount to show the effects. If a transaction affects only one cell, show the dollar amount and both + and -. The transactions describe events for Copymaster Corporation.
Table is set up as folliowing to record transactions
Assets Liabilities Equity
1) Shareholders investd $5,000 each to begin business
2) Copymaster bought copying machine for $1,500
3) Copymaster sold copies to customers for $500 cash
4) Copymaster produces copies for Fellows Corporation, its customer. The total sale amount was $1,200. Copymaster agreed to bill Fellows for the sale at the end of the month
5) Copymaster paid employees $600
6) Copymaster bought supplies for $3,00
7) Copymaster paid rent for $700
8) Copymaster paid utilities for $200
9) Copymaster bought office furniture for $500
10) Copymaster had an unpaid phone bil at month-end for $100
Please put these in the correct column with either + or - and if possible please explain why you applied each transaction the way you did.
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