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Assigment One For each of the following transactions of a new cash-basis business for the month of December 2021, analyze the transaotion with the spreadsheet
Assigment One For each of the following transactions of a new cash-basis business for the month of December 2021, analyze the transaotion with the spreadsheet (in the cash column indicate whether the item is from operations, investing, or financing) and answer the question on the last page. TREAT SUPPLIES and any other expense that covers more than one month AS A PREPAID ASSET. Issued stock for $40,000cash. b Borrowed \$15,000 from Fisst National Bank c Performed consulting services for 510,000 cash. Bought land by paying $15,000 cash down and signing a notes payable for the remaining Bought 83,000 of supplies using Accounts Payable. Paid $5,500 for salaries of employees. Paid a $2,000 dividend to the shareholders
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