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1 Borrowed $ 9,300 from the bank. 3 Issued 1,600 common shares for $ 16,000. Purchased inventory on account totalling $ 18,300. 9 Bought computer
1 Borrowed $ 9,300 from the bank. 3 Issued 1,600 common shares for $ 16,000. Purchased inventory on account totalling $ 18,300. 9 Bought computer equipment costing $ 5,900 for $3,000 cash and the balance on account. 15 (a) Made sales totalling $ 18,500, of which $ 6,700 were on account. (b) The cost of the products sold from inventory was $ 10,400. 19 Made payments on accounts owing to suppliers totalling $ 11,100. 25 Collected on accounts from customers totalling $ 5,800. 25 - Collected on accounts from customers totalling $ 5,800. 27 (a) Made sales totalling $ 7,800, all on account. (b) The cost of the products sold from inventory was $ 5,600. 28 Employees earned wages of $ 1,800 during the month, of which $ 1,600 was paid. 28 Incurred $ 600 of utilities expenses during the month. Analyze and record these transactions. (Enter amounts that decrease account balance using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Indicate whether it is Revenues, Expenses or Dividends declared in the last column. In case if there is no effect then select "Not Applicable". Post entries in the order presented in the problem statement.) 110315 Date Cash Accounts Receivable Inventory Equipment Jan. 1 9300 Jan. 3 V 16,000 Jan. 5 18,300 Jan. 9 -3,000 Jan. 15 V (a) Jan. 27 V (a) Jan. 27 (b) Jan. 28 Jan. 28 Share Equipment Accounts Payable Wages Payable Loan Payable Com Share 5,900 search O EN 16C Mostly cloudy IN Shareholders' Equity Loan Payable Common Shares Retained Earnings Revenues/Expenses/ Dividends Declared x nere to search O JDE 16C Mostly cloudy
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