Transaction Analysis} Aziz Company entered into the following transactions: a. Performed services on account, ($ 18,500) b.
Question:
Transaction Analysis}
Aziz Company entered into the following transactions:
a. Performed services on account, \(\$ 18,500\)
b. Collected \(\$ 7,200\) from client related to services performed in \(a\)
c. Paid \(\$ 1,500\) dividend to shareholders
d. Paid salaries of \(\$ 3,500\) for the current month
\section*{Required:}
Show the effect of each transaction using the following model:
\\ Cornerstone Exercise
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Related Book For 
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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