Kristin Holden Started Her Own Consulting Business in July,20-- $\$ 12,000$

Essay

Kristin Holden started her own consulting business in July,20--.During the first month,the following transactions occurred:
Required:
a. Owner invested $\$ 12,000$ cash in the business.
b. Purchased office equipment for $\$ 7,500$ cash.
c. Purchased computer equipment costing $\$ 11,500$ on account.
d. Paid $\$ 1,100$ office rent for the month.
e. Received $\$ 1,700$ cash from a client for services rendered.
f. Paid water bill for the month, $\$ 170$ .
g. Paid $\$ 2,400$ on account for computer equipment purchased in transaction (c).
h. Paid the electric bill for the month, $\$ 200$ . Record the effects of these transactions in an accounting equation worksheet.
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