a. Canally Researchers, Inc., ISsues its common stock to Samantha Canally, who invests

$21,000

to open the business.\ b. The company purchases on account office supplies costing

$320

.\ c. Canally Researchers pays cash of

$19,000

to acquire a lot next to the campus. The company intends to use the land as a building site for a business office.\ d. Canally Researchers performs research for clients and receives cash of

$2,800

.\ e. Canally Researchers pays

$120

on the account payable that it created in transaction b.\ f. Canally pays

$2,400

of personal funds for a vacation.\ g. Canally Researchers pays cash expenses for office rent

($300)

and utilities ($80).\ h. The business sells a small parcel of the land for its cost of

$5,500

.\ i. The business declares and pays a cash dividend of

$1,300

.

a. Canally Researchers, Inc., ISsues its common stock to Samantha canally, who invests $21,000 to open the business. b. The company purchases on account office supplies costing $320. c. Canally Researchers pays cash of $19,000 to acquire a lot next to the campus. The company intends to use the land as a building site for a business office. d. Canally Researchers performs research for clients and receives cash of $2,800. e. Canally Researchers pays $120 on the account payable that it created in transaction b. f. Canally pays $2,400 of personal funds for a vacation. g. Canally Researchers pays cash expenses for office rent ($300) and utilities ($80). h. The business sells a small parcel of the land for its cost of $5,500. i. The business declares and pays a cash dividend of $1,300. a. Canally Researchers, Inc., ISsues its common stock to Samantha canally, who invests $21,000 to open the business. b. The company purchases on account office supplies costing $320. c. Canally Researchers pays cash of $19,000 to acquire a lot next to the campus. The company intends to use the land as a building site for a business office. d. Canally Researchers performs research for clients and receives cash of $2,800. e. Canally Researchers pays $120 on the account payable that it created in transaction b. f. Canally pays $2,400 of personal funds for a vacation. g. Canally Researchers pays cash expenses for office rent ($300) and utilities ($80). h. The business sells a small parcel of the land for its cost of $5,500. i. The business declares and pays a cash dividend of $1,300