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2. Omar Ali opened a yard care business, Omar All's Yard Care, on March 1, 2021. The following activities occurred during his first month of
2. Omar Ali opened a yard care business, Omar All's Yard Care, on March 1, 2021. The following activities occurred during his first month of operations: $2,600 a. Omar Ali invested $5,300 cash and $20,000 of equipment into his business b. Purchased various supplies on account: $2. c. Bought supplies on credit: $1,050 d. Omar Ali signed a $5,000 contract to do yard work beginning in May. e. Did work for a client on account: $650. f. Performed services for a customer on credit: $1,100 g. Paid $300 for the supplies purchased in (c) h. Paid $350 for advertising online. 1. Collected the amount owed from the customer in (1) Prepare an income statement, statement of changes in equity, and balance sheet for March 2021 by OBO (Quick Books Online)
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