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At of April 1, the ledger for Hanis Company showed the following select account balances: Cash $14,500; Accounts Receivable $1,800; Supplies $1,900; Land 514,000;
At of April 1, the ledger for Hanis Company showed the following select account balances: Cash $14,500; Accounts Receivable $1,800; Supplies $1,900; Land 514,000; Equipment $2,000, Accounts Payable $7,000; Owner's Capital $80,000 Service Revenue $48,000; Salanes and Wages Expense $8,000; and Utilities Expense 53,500. All accounts have a normal balance During the month of April, the following select transactions occurred Withdrew $8,000 from the business for personal use Purchased a tractor for $2,000 paying $3,000 in cash and the balance on account. Performed $10,000 of services on account. Paid 56,000 for employee salaries. Received $2,400 from customers for services to be performed in May Instructions: Assuming that the transactions have been journalized and posted to the ledger, complete the following table to show the account balance of select accounts, State if the accounts have a debt or credit balance after the transactions are journalized and posted to the ledger Record your answers for account balance without dollar signs, with commas when applicable, and without cents. Spell Orbit and Credit out completely when recording the balance type Ex. Common Stock Cash Accounts Receivable Equipment Unearned Service Revenue Accounts Payable Account $5,000 $ S $ Account Balance Credit Debit or Credit
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