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CALCULATOR STANDARD VIEW PRINTER VERSION Selected transactions for Sheffield Corp. during its first month in business are presented below Sept. 1 Issued common stock in

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CALCULATOR STANDARD VIEW PRINTER VERSION Selected transactions for Sheffield Corp. during its first month in business are presented below Sept. 1 Issued common stock in exchange for $19,200 cash received from investors 5 Purchased equipment for $9,500, paying $3,780 in cash and the balance on account. 8 Performed services on account for $18,000, 14 Paid salaries of $1,200. 25 Paid $3,110 cash on balance owed for equipment 30 Paid $930 cash dividend. Complete a tabular analysis of the September transactions. (tf a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.) Assets Liabilities + Retained Earnings Cash Accounts Receivable+ Equipment Accounts Payable + Common Stock+ Revenues Expenses Dividends Sept. 1 s Sept. 5 Sept. 8 Sept. 14 Sept. 25 Sept. 30

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