Katie's Wedding Planning Service completed the following transactions:
a.Billed clients for service,$1,250.
b.Completed work for clients $200 on account.
c.Received a bill for utilities to be paid later,$120.
d.Collected $700 cash for services performed.
e.Paid the amount due for utilities.
f.Withdrew $500 cash for personal use.
Required: Record the above transactions in the expanded accounting equation.Note that the items have beginning balances.

Question

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The Answer of Katie's Wedding Planning Service completed the following transactions:
a.Billed clients for service,$1,250.
b.Completed work for clients $200 on account.
c.Received a bill for utilities to be paid later,$120.
d.Collected $700 cash for services performed.
e.Paid the amount due for utilities.
f.Withdrew $500 cash for personal use.
Required: Record the above transactions in the expanded accounting equation.Note that the items have beginning balances.

Katie's Wedding Planning Service Completed the Following Transactions