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a. Mary Clarmont contributed $9,000 cash in exchange for capital. b. Performed service for a client and received cash of $1,300. c. Paid off the

a.

Mary

Clarmont

contributed

$9,000

cash in exchange for capital.

b.

Performed service for a client and received cash of

$1,300.

c.

Paid off the beginning balance of accounts payable.

d.

Purchased office supplies from OfficeMax on account,

$900.

e.

Collected cash from a customer on account,

$1,600.

f.

Clarmont

withdrew

$1,800.

g.

Consulted for a new band and billed the client for services rendered,

$2,700.

h.

Recorded the following business expenses for the month:

1. Paid office rent:

$800.

2. Paid advertising:

$450.

ASSETS

=

LIABILITIES

+

EQUITY

Cash

+

Accounts Receivable

+

Office Supplies

+

Land

=

Accounts Payable

+

Clarmont, Capital

-

Clarmont, Withdrawals

+

Service Revenue

-

Rent Expense

-

Advertising Expense

Bal.

$1,800

+

$2,900

+

$0

+

$16,000

=

$6,000

+

$11,800

$2,900

Part 2

Part 3

Part 4

Part 5

Part 6

Part 7

Part 8

h1.

+

+

+

=

+

-

+

-

-

h2.

+

+

+

=

+

-

+

-

-

Bal.

+

+

+

=

+

-

+

-

-

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