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( 1 ) M . E . Carter started the firm by contributing $ 1 5 , 5 0 0 cash to the business in
ME Carter started the firm by contributing $ cash to the business in exchange for common stock.
The firm purchased $ in office equipment, issuing a longterm note payable for $ with the remainder on account.
Paid $ cash for this period's office rent on a shortterm lease
Paid $ cash for subscriptions to online financial databases covering the next three periods.
Billed clients $ for services rendered.
Made $ cash payment on account for the equipment purchased in transaction
Paid $ cash for assistant's salary for this period.
Collected $ cash from clients previously billed in transaction
Received $ invoice for this period's utilities; it is paid early in the next period.
Paid $ cash for dividends to shareholders.
Paid $ cash for interest on the note payable for the period.
Analyze and enter each into the financial statement effects template.
Note: For each account category, indicate the appropriate account name. Enter NA for any account category that is not used for a given transaction.
Note: Indicate a decrease in an account category by including a negative sign with the amount.Assume that the following accounts appear in the leoger or
ME Carter started the firm by contributing $
Paid $ cash for this period's office rent on a shortterm lease
Paid $ cash for subscriptions to online financial databases covering the next three periods.
Billed clients $ for services rendered.
Made $ cash payment on account for the equipment purchased in transaction
Paid $ cash for assistant's salary for this period.
Collected $ cash from clients previously billed in transaction
Received $ invoice for this period's utilities; it is paid early in the next period.
Paid $ cash for dividends to shareholders.
Paid $ cash for interest on the note payable for the period.
Analyze and enter each into the financial statement effects template.
Note: For each account category, indicate the appropriate account name. Enter NA for any account category that is not used for a given transaction.
Note: Indicate a decrease in an account category by including a negative sign with the amount.
ME Carter started the firm by contributing $ cash to the business in exchange for common stock.
The firm purchased $ in office equipment, issuing a longterm note payable for $ with the remainder on account.
Paid $ cash for this period's office rent on a shortterm lease
Paid $ cash for subscriptions to online financial databases covering the next three periods.
Billed clients $ for services rendered.
Made $ cash payment on account for the equipment purchased in transaction
Paid $ cash for assistant's salary for this period.
Collected $ cash from clients previously billed in transaction
Received $ invoice for this period's utilities; it is paid early in the next period.
Paid $ cash for dividends to shareholders.
Paid $ cash for interest on the note payable for the period.
Analyze and enter each into the financial statement effects template.
Note: For each account category, indicate the appropriate account name. Enter NA for any account category that is not used for a given transaction.
Note: Indicate a decrease in an account category by including a negative sign with the amount.
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