Tucker Company shows the following transactions for the accounting period ending December 31, Year 1:
1)Sold books to customers for $68,000 on account2)Collected $56,000 from customers3)Issued common stock for $16,000 cash4)Prepaid four months' rent for $8,800 on October 1, Year 15)Purchased supplies for $21,000 cash6)Physical count shows $6,500 of supplies remained on December 31, Year 17)Recorded adjustment for prepaid rent usedShow how the above transactions and year-end adjustments affect the accounting equation.

Question

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The Answer of Tucker Company shows the following transactions for the accounting period ending December 31, Year 1:
1)Sold books to customers for $68,000 on account2)Collected $56,000 from customers3)Issued common stock for $16,000 cash4)Prepaid four months' rent for $8,800 on October 1, Year 15)Purchased supplies for $21,000 cash6)Physical count shows $6,500 of supplies remained on December 31, Year 17)Recorded adjustment for prepaid rent usedShow how the above transactions and year-end adjustments affect the accounting equation.

Tucker Company Shows the Following Transactions for the Accounting Period