Analyze Each of the Following Transactions in Terms of Their

Essay

Analyze each of the following transactions in terms of their effects on the accounting equation of Osgood Delivery Service.The company is a sole proprietorship.Enter the correct amounts in the columns of the spreadsheet.
a)James Osgood contributes $75,000 cash to the business in exchange for capital.
b)The business purchases $750 of office supplies on account.
c)The business pays cash to purchase a delivery van for $25,000.
d)Services are performed for clients and $5,000 cash is received.
e)Cash is paid for rent expense,$800 and utilities expense,$400.
f)James Osgood withdraws $1,000 from the business for personal use.