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(Solved): Dawn Rehearse owns and operates an accounting firm called Dawn D. Rehearse, CPA & Associa During ...



Dawn Rehearse owns and operates an accounting firm called Dawn D. Rehearse, CPA & Associa During January 2024, the business completed the following transactions: FILL IN CHART a. Rehearse invested cash

$15,000

in the business. b. Performed accounting service for a client and received cash of

$500

. c. Paid off the beginning balance of accounts payable. d. Purchased supplies from OfficeMax on account,

$500

. e. Collected cash from a customer on account,

$1,000

. f. Received cash investment of

$5,000

cash from D. Rehearsal. g. Consulted for a new client and billed the client for services rendered,

$3,500

. h. Recorded the following business expenses for the month: Paid office rent,

$3,000

. Paid advertising,

$1,500

. i. Made partial payment to OfficMax for

$250

cash from item d. j. Rehearse withdrew cash of

$2,500

. Required: Analyze the effects of the preceding transactions on the accounting equation, using the format on the Note: Pay special attention to the beginning balances. Calculate the net income for th month ended January 31, 2024. \table[[nwin,Assets,\table[[

=


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