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(^ Choices to choose from) Transaction Impact on Equity Sept. 1) Venedict invested $60,000 cash along with office equipment valued at $25,000 in exchange for
(^ Choices to choose from)
Transaction Impact on Equity Sept. 1) Venedict invested $60,000 cash along with office equipment valued at $25,000 in exchange for common stock of a new company named HV Consulting Sept. 3) The company purchased land valued at $40,000 and a building valued at $160,000. The purchase is paid with $30,000 cash and a long-term note payable for $170,000 Sept. 5) The company purchased $2,000 of office supplies on credit. Sept. 7) Venedict invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $16,500 and is to be used exclusively in the business Sept. 9) The company purchased $5,600 of additional office equipment on credit. Sept. 11) The company paid $1,800 cash salary to an assistant. Sept. 13) The company provided services to a client and collected $8,000 cash Sept. 15) The company paid $635 cash for this month's utilities Sept. 17) The company paid $2,000 cash to settle the account payable created on September 5 Sept. 19) The company purchased $20,300 of new office equipment by paying $20,300 cash Sept. 21) The company completed $6,250 of services for a client, who must pay within 30 days Sept. 23) The company paid $1,800 cash salary to an assistant Sept. 25) The company received $4,000 cash in partial payment on the receivable created on September 21 Sept. 27) The company paid $2,800 cash in dividends Total impact on equityStep by Step Solution
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