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B Based on the following transactions, complete the table shown below. a. A b. shareholder paid Southgate Inc. $75,000 cash for share capital in

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B Based on the following transactions, complete the table shown below. a. A b. shareholder paid Southgate Inc. $75,000 cash for share capital in the business. Southgate Inc. purchased supplies by paying $900 cash. c. Southgate Inc. purchased $100 of supplies on credit. d. e. Southgate Inc. collected $1,800 for commissions earned today. Southgate Inc. bought $500 of supplies paying $100 cash and $400 on account. f. Southgate Inc. purchased $900 of supplies on credit. g. A client rented equipment for $5,000 cash. h. $100 of supplies purchased on credit in transaction (c) were found to be defective. They were returned. i. Furniture was rented by a customer for $1,000 cash. j. Southgate Inc. paid dividends of $2,400 to the shareholders.

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