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can someone please help me solve this. Thank you so much. Transaction analysis Handyman Services was founded on January 1 and entered into the following
can someone please help me solve this. Thank you so much.
Transaction analysis Handyman Services was founded on January 1 and entered into the following transaction during January: 1. Issued common stock of $30,000 in exchange for cash. 2. Purchased an old warehouse for $50,000 by issuing notes payable. 3. Purchased a truck for $15,000 cash. 4. Purchased shop supplies for $5,000 on account. 5. Provided services of $15,325, receiving $12,200 in cash. 6. Paid $1,000 for local advertising for January. 7. Received payment of $3,125 from customers in #5. 8. Paid $4,000 on open account from #4. 9. Paid dividends of $1,000 to stockholders. 10. Paid employee salaries of $4,000 for January. 11. Billed customers $3,500 for services provided during January. 12. Paid $100 interest on notes payable. Required: a. Show the effects of each transaction on the accounting equation by preparing a tabular analysis using the Payable. Notes payable. Common Stock. Retained EarningsStep by Step Solution
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