Based on Problem 2-9B, prepare a balance sheet for David Segal as of October 31, 20--. Data
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Based on Problem 2-9B, prepare a balance sheet for David Segal as of October 31, 20--.
Data from in Problem 2-9B
David Segal started a business. During the first month (October 20--), the following transactions occurred.
(a) Invested cash in the business, \($15,000\).
(b) Bought office supplies for \($3,800:\) \($1,800\) in cash and \($2,000\) on account.
(c) Paid one-year insurance premium, \($1,000\).
(d) Earned revenues amounting to \($2,700:\) \($1,700\) in cash and \($1,000\) on account.
(e) Paid cash on account to the company that supplied the office supplies in transaction (b), \($1,800\).
(f) Paid office rent for the month, \($650\).
(g) Withdrew cash for personal use, \($150\).
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