Transcribed Image Text: Date Transactions 1. Ms. Ortega, the owner, opened a checking account for the business by depositing $60,000 of her personal funds. Jan. 3 6. 2. Paid by

Transcribed Image Text: Date
Transactions
1. Ms. Ortega, the owner, opened a checking account for the business by depositing $60,000 of her personal
funds.
Jan. 3
6.
2. Paid by check the monthly rent of $3,000.
8.
3. Bought hiking equipment for the business by writing a check for $3,000.
4. Purchased $24,000 of rafting equipment by writing a check.
11
5. Purchased office equipment on account for $4,000.
15
6. Received payment for guide services, $2,500.
18
7. Ms. Ortega contributed a desk valued at $450 to the business.
8. Withdrew $3,000 cash from the business for personal use.
21
26
9. Wrote a check to a creditor as partial payment on account, $1,500.
30
10. Took a group on a tour and agreed to accept payment later, $1,200. Transcribed Image Text: Problem 3-9 Determining the Effects of Transactions
on the Accounting Equation (textbook p. 73)
Owner’s
Assets
Liabilities
Equity
Cash in Accounts king
Bank
Rafting
Receivable Equipment Equipment Equipment
Office
Juanita Ortega,
Capital
Accounts
Trans.
Payable
1
Balance
2
Balance
3
Balance
4
Balance
5
Balance
6
Balance
Balance
8
Balance
Balance
10
Balance
Analyze:
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