Transactions made by Virmari & Co., a public accounting firm in France, for
the month of August are shown below. Prepare a tabular analysis which shows the effects of these
transactions on the expanded accounting equation, similar to that shown in Illustration 1-10.
1. The company issued ordinary shares for €25,000 cash.
2. The company purchased €7,000 of office equipment on credit.
3. The company received €8,000 cash in exchange for services performed.
4. The company paid €850 for this month's rent.
5. The company paid a dividend of €1,000 in cash to shareholders.
Answers: 1
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Transactions made by Virmari & Co., a public accounting firm in France, for
the month of August...
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