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Amy Austin established an insurance agency on March 1 of the current year and completed the following transactions during March Opened a business bank Ut
Amy Austin established an insurance agency on March 1 of the current year and completed the following transactions during March Opened a business bank Ut with a deposto SS0,000 change for man shock . Purchased supples on account, $4,000 c ad creditors on COURT, $2,300. d. Received cash from fees earned on insurance commissions 13,500. e Pad rent on office and equipment for the month. 15.000 Paid tomobile expenses for month $1,150, and miscellaneous expenses 9. Padomce salaries, $2,500 h. Determined that the cast of supplies on hand was $2.700. therefore, the cost of supplies and was $1.300 1. Biled insurance companies for sales commissions earned $12,500 1. Pad dividends, $3.900. 1. Indicate the effect of the transaction and the balances after the transaction. For those in which he entry red leave the bone. For those who enter tive m en 190) Assets Stockholders' Equity Item Cash + Accounts Receivable Dividends jilbobidilibIIIIDID IIIIIIIIIIDUUUUUU 2. Stockholders' equity is the night of stockholders to the sets of the business. These nights ne for March much did March's transactions increase
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