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2 financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.)
2 financial statements immediately after each transaction is recorded. (Hint: You can check your work by selecting the date on the trial balance tab.) The first 2 transactions are completed for you! Show less Net Income Total Assets Income statement Balance sheet. Total Liabilities Balance sheet Total Equity Balance sheet S 0 $ 163,750 $ 0 S 163,750 0 163,750 0 163,750 00 00 12,050 12,050 19,700 O 00 19,700 06 (12.050) * (12.050) * 4,800 4,800 O 00 4,800 (3.325) O (3.325) O 00 (3.325) 0 0 0 0 (13,100) 0 (13,100) pints Transaction: Where can you go to find each of your answers? January 1-S. Lewis, owner, invested $163,750 cash in the company in exchange for common stock January 2-The company purchased supplies for $3,350 cash January 3 The company purchased $12,050 of equipment on credit January 4 The company received $19,700 cash for services provided to a customer January 5-The company paid $12,050 cash to settle the payable for the equipment purchased on January 3 January 6-The company billed a customer $4,800 for services provided. Jan 7-The company paid $3,325 cash for the monthly rent January 8-The company collected $2,700 cash as partial payment for the account receivable created i on January 6 January 9-The company paid $13,100 cash in 1 dividends to the owner (sole shareholder). 19,700
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