Essay
B. Goode has the following transactions during April of the current year. Indicate
(a) the effect on the accounting equation and (b) the debit-credit analysis.
Apr. 1 Opens a law office, investing $20,000 in cash.
4 Pays rent in advance for 6 months, $10,800 cash.
16 Receives $8,000 from clients for services provided.
27 Pays secretary $3,000 salary.
Correct Answer:
Verified
Correct Answer:
Verified
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