Record the following transactions in the basic accounting equation:

a. Brian invests $20,000 cash to begin an accounting service.
b. The company buys office furniture for cash, $800.
c. The company buys additional office furniture on account, $200.
d. The company makes a payment on the office furniture, $100.
Brian's Accounting Service

ASSETS = LIABILITIES + OWNER'S EQUITY
Cash + Office Furniture = Accounts Payable + Brian, Capital

a.
b.
c.
d.

Totals
Answer:
Brian's Accounting Service

ASSETS = LIABILITIES OWNER'S EQUITY
Cash + Office Furniture = Accounts Payable Brian, Capital
a. +$20,000 = +$20,000
b. - 800 +$800 =
c. + 200 = +$200
d. - 100 ______ = - 100 ________
T +$19,100 +$1,000 = +$100 +$20,000