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balance you obtained in requirement 3 . Are the amounts the same or different? View the completed journal entries. Financial Position Transactions During June 20XX,
balance you obtained in requirement 3 . Are the amounts the same or different? View the completed journal entries. Financial Position Transactions During June 20XX, the business completed these transactions: a. Received cash of $5,150 and issued common shares. b. Performed services for a client and received cash of $7,400. c. Paid $4,020 on accounts payable. d. Purchased supplies on account, $1,580. e. Collected cash from a customer on account, $1,090. f. Consulted on the design of a business report, and billed the client for services rendered, $2,520. g. Recorded the following business expenses for the month: paid office rent, $750; paid advertising, $340. h. Declared and paid a cash dividend of $2,060. For each asset account, each liability account, and for Common Shares, compare its balance to the ending balance you obtained in requirement 3 . Are the amounts the same or different? A. The amount in the T-account for Accounts Receivable is different than the ending balance in requirement 3 . B. All of the amounts in the T-accounts are the same as the ending balance in requirement 3 . C. The amount in the T-account for Service Revenue is different than the ending balance in requirement 3 . D. The amount in the T-account for Cash is different than the ending balance in requirement 3. Requirement 3. Prepare the Balance Sheet of Bayville Consulting, Inc. at June 30,20XX. Begin by selecting the labels for the heading. Then complete the Balance Sheet by selecting the appropriate accou enter a zero.)
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