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1. Prepare a tabular analysis of the transactions below. 1. Stockholders invested $35,000 in exchange for common stock. 2. Provided services totaling $10,000; received 20%

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1. Prepare a tabular analysis of the transactions below. 1. Stockholders invested $35,000 in exchange for common stock. 2. Provided services totaling $10,000; received 20% and the remainder was on account 3. Purchased $4,000 of supplies; paid $250 and the remainder was on account 4. Provided services on account, $6,500 5. Paid advertising costs, $1,300 6. Incurred utility costs on account, $1,200. 7. Paid cash for supplies, $450 8. Purchased equipment costing $8,500; paid 10% and signed a l-year note for the remainder 9. Paid rent for the month, $1,500 10. Paid for equipment, $5,000 11. Collected $2,000 from transaction #2 12. Paid $500 from transaction #3 13. Paid salaries, $4,000 14. Paid amount owed from #6 15. Received $1000 from customers who were previously billed. 16. Paid amount owed to creditors, $500

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