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Chapter 1 Working Papers - Accounting in Business Bumble Management Services opened for business and completed these transactions in September. Sep. 1 Sep 2 Sep.
Chapter Working Papers Accounting in Business
Bumble Management Services opened for business and completed these transactions in September.
Sep.
Sep
Sep.
Sep.
Sep.
Sep.
Sep.
Sep.
Sep.
Sep.
Sep.
Sep.
B Bumble, the owner, invested $ cash along with office equipment valued at $ in the company in exchange for common stock.
The company prepaid $ cash for months' rent for office space.
The company made credit purchases for $ in office equipment and $ in office supplies. Payment is due within days.
The company completed work for a client and immediately received $ cash.
The company completed a $ project for a client, who must pay within days.
The company paid $ cash to settle the payable created on September
The company paid $ cash for the premium on an month insurance prepaid policy.
The company received $ cash as partial payment for the work completed on September
The company completed work for another client for $ on credit.
The company paid a $ cash dividend.
The company purchased $ of additional office supplies on credit.
The company paid $ cash for this month's utility bill.
a Using the Accounting Equation, analyze each transaction and enter the amount under the correct account heading.
b Prepare an Income Statement.
c Prepare a Statement of Retained Earnings.
d Prepare a Balance Sheet
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