courtney celeste is starting celeste consulting services, a small service business. celeste consulting services uses the accounts shown in the following accounting equation. use the form to record the following transactions. use a plus sign (+) to indicate an increase and a minus sign (-) to indicate a decrease. calculate new balances for all accounts after each transaction. you must enter an amount for each cell in a new bal. row, including amounts for zero (0) balances.

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30-09-2021
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courtney celeste is starting celeste consulting services, a small service business. celeste consulting services uses the accounts shown in the following accounting equation. use the form to record the following transactions. use a plus sign (+) to indicate an increase and a minus sign (-) to indicate a decrease. calculate new balances for all accounts after each transaction. you must enter an amount for each cell in a new bal. row, including amounts for zero (0) balances.

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topeadeniran2 topeadeniran2 · Answer 1 · 2021-10-06T13:05:40-04:00

The new balance for cash is $8700 while the owner's equity is $16000.

The main points to note in the form will be explained. It should be noted that the beginning balance was the cash of $10000 that was received from the owner as an investment.

The assets include the addition of the cash, accounts receivable from Ashley computers, supplies, and prepaid insurance.

The liabilities include the account payable to Conrad supplies. The owner's equity is the capital of Courtney Celeste.

In conclusion, kindly check the attachment for further understanding.

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