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Ali opened an auditing office, the balance sheet on May 1, 2006 showed cash $10000, accounts receivable $2000, supplies $1000, equipment $2000, account Payable $4000,
Ali opened an auditing office, the balance sheet on May 1, 2006 showed cash $10000, accounts receivable $2000, supplies $1000, equipment $2000, account Payable $4000, Ali capital $11000, During the month of May the following Transactions occurred: A. Paid $2500 cash for office rent(expenses) 2. Receive cash fees. 3. Collect receivables $1500. 4. withdraw $500 for personal use 5. Paid $3000-on accounts payable. 6. Purchase a computer $1500 on credit. a) Prepare a tabular analysis of the month of May transaction beginning with May 1 balance sheet, use the following column headings: (oud) priwon
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