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Analyze the following transactions using the Taccount approach. Place the dollar amounts on the debit and credit sides. Indicate next to each entry the number
Analyze the following transactions using the Taccount approach. Place the dollar amounts on the debit and credit sides. Indicate next to each entry the number for that transaction. After all transactions have been recorded, foot the accounts where necessary and enter the balance in the proper place for each account. 1. Nick Bowman invested cash of $12,000 in the business. 2. Received and paid utility bill of $125. 3. Bought $300 of supplles on account. 4. Sold services worth $2,500 to customers on account. 5. Recelved cash payment of $BOO from credit customers. Cash II Bal. Accounts Receivable Bal. Supplies Accounts Payable Owner's Capital Utilities Expense Revenue
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