Quick-Start Home Repair Company completed the following transactions in June 1999: a. Prepare a summary of transactions

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Quick-Start Home Repair Company completed the following transactions in June 1999:

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a. Prepare a summary of transactions (see Part A of Illustration 1.3). Include money columns for Cash, Accounts Receivable, Trucks, Notes Payable, Capital Stock, and Retained Earnings. Determine balances after each transaction to show that the basic accounting equation balances.

b. Prepare a balance sheet as of June 30, 1999.

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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