Question
Cash Accounts receivable Supplies Equipment Acc. Depreciation Accounts payable Owner's Capital (comon Stock) Retained Earnings Service Revenue Rent Expense Office Expense Supplies Expense Depreciation Expense
Cash Accounts receivable Supplies Equipment Acc. Depreciation Accounts payable Owner's Capital (comon Stock) Retained Earnings Service Revenue Rent Expense Office Expense Supplies Expense Depreciation Expense 1 Sherif begins the practice and invests $20,000 cash. 1 $20,000 $20,000 2 Purchases computer equipment on account from Alibaba for $17,280. 2 $(17,280) $17,280 3 Pays rent for office space, $680 for the month. 3 4 Employs a secretary. 4 5 Purchases office supplies (Pens, folders, Toners..) for $942 cash 5 6 Receives cash of $1,690 from clients for services performed. 6 7 Pays miscellaneous office expenses, $430. 7 8 Bills clients $5,820 for services performed. 8 9 Pays Alibaba on account, $3,600. 9 10 Pays $3,000 cash dividend. 10 11 Receives $980 from clients on account. 11 12 Bills clients $2,110 for services per
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