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Selected Transactions for Mountain Goats Tree Service Are Listed Below

Question 42

Essay

Selected transactions for Mountain Goats Tree Service are listed below.
1. Invested cash to start business.
2. Paid for monthly advertising.
3. Purchased supplies on account.
4. Billed customers for services performed.
5. Withdrew cash for owner's personal use.
6. Received cash from customers billed in (4).
7. Incurred utilities expense on account.
8. Purchased additional supplies for cash.
9. Received cash from customers when service was performed.
Instructions
List the numbers of the above transactions and descriliabilities, and owner's equity. For example, the first answer is: (1) Increase in assets and increase in owner's equity.

Correct Answer:

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1. Increase in assets and increase in ow...

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