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Record the Following Transactions into the Expanded Accounting Equation for the Mayoras

Question 73

Essay

Record the following transactions into the expanded accounting equation for the Mayoras' Law Firm. Note that all titles have beginning balances. (You will need to determine the beginning capital balance.)
a. Provided legal services for cash, $1,200
b. Billed customers for services rendered, $2,400
c. Received and paid the monthly utility bill, $300
d. Collected $600 on account from customers
e. Paid supplies expense, $250
f. Withdrew $300 cash for personal use
Record the following transactions into the expanded accounting equation for the Mayoras' Law Firm. Note that all titles have beginning balances. (You will need to determine the beginning capital balance.) a. Provided legal services for cash, $1,200 b. Billed customers for services rendered, $2,400 c. Received and paid the monthly utility bill, $300 d. Collected $600 on account from customers e. Paid supplies expense, $250 f. Withdrew $300 cash for personal use Record the following transactions into the expanded accounting equation for the Mayoras' Law Firm. Note that all titles have beginning balances. (You will need to determine the beginning capital balance.) a. Provided legal services for cash, $1,200 b. Billed customers for services rendered, $2,400 c. Received and paid the monthly utility bill, $300 d. Collected $600 on account from customers e. Paid supplies expense, $250 f. Withdrew $300 cash for personal use

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