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Cont Problem (book/static) : Question Help Adam Mazella recently left his job to open his own gym equipment repair business. Adam took all of the
Cont Problem (book/static) : Question Help Adam Mazella recently left his job to open his own gym equipment repair business. Adam took all of the money he had in his personal savings account and used it to open Fitness Equipment Doctor, Inc., on March 1, 2018. Presented below are the transactions for the first month of operations for Fitness Equipment Doctor, Inc.: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. Enter the transactions for Fitness Equipment Doctor, Inc. for the month of March into the expanded accounting equation. Calculate the ending balances at March 31. Enter the transactions into the expanded accounting equation one transaction at a time, beginning with the transaction from the 1st. After entering all of the transactions for the month, calculate the balance for each account in the expanded accounting equation at the end of March. (If a box is not used in the transaction, leave the box empty; do not enter a zero. Enter decreases with a minus sign or parentheses. Abbreviations used: AR = Accounts receivable; Sup = Supplies; Equip = Equipment; AP = Accounts payable; NP = Note payable; CS = Common stock; Rev = Revenue; Exp = Expense; Div = Dividends.) Assets Liabilities + Stockholders' equity Cash + AR + Sup + Equip + Vehicle AP + NP + CS + Retained earnings Rev Exp Div Enter any number in the edit fields and then click Check Answer. Cont Problem (book/static) : Question Help Adam Mazella recently left his job to open his own gym equipment repair business. Adam took all of the money he had in his personal savings account and used it to open Fitness Equipment Doctor, Inc., on March 1, 2018. Presented below are the transactions for the first month of operations for Fitness Equipment Doctor, Inc.: i (Click the icon to view the transactions.) Read the requirements. Requirement 1. Enter the transactions for Fitness Equipment Doctor, Inc. for the month of March into the expanded accounting equation. Calculate the ending balances at March 31. Enter the transactions into the expanded accounting equation one transaction at a time, beginning with the transaction from the 1st. After entering all of the transactions for the month, calculate the balance for each account in the expanded accounting equation at the end of March. (If a box is not used in the transaction, leave the box empty; do not enter a zero. Enter decreases with a minus sign or parentheses. Abbreviations used: AR = Accounts receivable; Sup = Supplies; Equip = Equipment; AP = Accounts payable; NP = Note payable; CS = Common stock; Rev = Revenue; Exp = Expense; Div = Dividends.) Assets Liabilities + Stockholders' equity Cash + AR + Sup + Equip + Vehicle AP + NP + CS + Retained earnings Rev Exp Div Enter any number in the edit fields and then click Check
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