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An analysis of transactions for Marigold Corp., a certified public accounting firm, for the month of August is as follows. Assume that August is
An analysis of transactions for Marigold Corp., a certified public accounting firm, for the month of August is as follows. Assume that August is the company's first month of business. Assets Liabilities Stockholders' Equity Retained Earnings Accounts Accounts Common Cash + Receivable + Supplies + Equipment = Payable + Stock + Revenues Expenses Dividend 1. +$14,200 +$14,200 2. -2,400 +$4,900 +$2,500 3. -750 +$750 4. +3,400 +$4,800 5. -1,600 +$8,200 -1,600 Service Revenue 6. -2,800 7. -750 -$2,800 -$750 Rent Expense 8. +550 -550 9. -3,800 10. -3,800 Salaries/Wages Expense +550 -550 Utilities Expense
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