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Can anyone PLEASE help? I keep seeing this exact question but with different numbers. Chapter 1 Work Probins Transaction financial statement Dette On August 1,
Can anyone PLEASE help? I keep seeing this exact question but with different numbers. Chapter 1 Work Probins Transaction financial statement Dette On August 1, 2099, Brooke Kline established Western Realty. Brooke completed the following transactions during the month of August: Opened a bank account with a deposit of $23.000 in exchange for common stock. * Paid rent on office and equipment for the month, $2,900 Paid automobile expenses for month, $1,400, and miscellaneous expenses, $600 Purchased office supplies on account, 1,350. Earned commissions, receiving cash. $18,200 Paid creditor on account, $700. Paid office salaries, $3,300 * Paid dividends, $3,500 Determined that the cost of supplies on hand was $300; therefore, the cost of supplies used was $1,050 Required: Indicate the effect of each transaction and the balances after each transaction, using the tabular headings in the exhibit below. In each transaction row (rows indicated by a letter), you must indicate the math sign (+ or -) in columns affected by the transaction You will not need to enter math signs in the balance rows (rows indicated by Bal.). Entries of 0 (zero) are not required and will be cleared #entered. 2.a. Prepare an matemat for August. Refer to the list of sm. Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heating. You will not need to enter colons() on the income statement. Il a net loss has been incurred, enter that amount as a negative number using a minus sign 2 b. Prepare a statement of stockholders'equity for August. Refer to the list of me Labels and Amount Descriptions for the exact wording of the answer choices for text entries. Be sure to complete the statement heading. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. If an amount is zero, enter Co My Wom
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