J. A. Motzek Inc. has the following transactions during August of the current year. Indicate (a) the

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J. A. Motzek Inc. has the following transactions during August of the current year. Indicate

(a) the effect on the accounting equation and

(b) the debit-credit analysis illustrated on pages 62-66 of the text.

Aug. 1 Opens an office as a financial advisor, investing $5,000 in cash in exchange for common stock.

4 Pays insurance in advance for 6 months. $1,800 cash.

16 Receives $800 from clients for services provided.

27 Pays secretary $ 1 .000 salary.

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Financial Accounting Text Only

ISBN: 9780006575405

5th Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel

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Question Posted: Jun 07, 2024 01:20 AM

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J. A. Motzek Inc. has the following transactions during August of the current year. Indicate (a) the

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Financial Accounting Text Only

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