Evaluate a business’s dilemma and propose a solution Planning for Pizza 5
February 14, 2021
organizational communication case study unit 6
February 14, 2021

fill in blank

Exercise 1-7

Falske Computer Timeshare Company entered into the following transactions during May 2017.

Describe the effect of each transaction on assets, liabilities, and owner’s equity.

1. Purchased computers for $20,000 from Digital Equipment on account.
2. Paid $4,000 cash for May rent on storage space.

3. Received $17,000 cash from customers for contracts billed in April.

4. Performed computer services to Viking Construction Company for $4,000 cash.

5. Paid Tri-State Power Co. $11,000 cash for energy usage in May.

6. Falske invested an additional $29,000 in the business.

7. Paid Digital Equipment for the computers purchased in (1) above.

8. Incurred advertising expense for May of $1,200 on account.

“Get 15% discount on your first 3 orders with us”
Use the following coupon

Order Now

Place Order

Hi there! Click one of our representatives below and we will get back to you as soon as possible.

Chat with us on WhatsApp