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3. Recording the following transactions with double entry system. (6*10) Transaction 1: On January 3, 2019, issues $5,000 shares of common stock for cash. Transaction
3. Recording the following transactions with double entry system. (6*10) Transaction 1: On January 3, 2019, issues $5,000 shares of common stock for cash. Transaction 2: On January 5, 2019, purchases equipment on account for $2,500, payment due within the month. Transaction 3: On January 9, 2019, receives $6,800 cash in advance from a customer for services not yet rendered. Transaction 4: On January 10, 2019. provides $3,400 in services to a customer who asks to be billed for the services. Transaction 5: On January 12, 2019, pays a $300 utility bill with cash. Transaction 6: On January 14, 2019, distributed $100 cash in dividends to stockholders. Transaction 7: On January 17, 2019, receives $800 cash from a customer for services rendered. Transaction 8: A company pays $1,200 for equipment that is supposed to last four years. The company wants to depreciate the asset over those four years equally. Transaction 9: A company accrued $240 of interest during the period. Transaction 10: Revenue camed but not collected, nor recorded, 54,000
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