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create all finance statements. please show corresponding for each journal. corresponding number for each journal 4 We start a new business (Paintball!), and engage in
create all finance statements. please show corresponding for each journal.
corresponding number for each journal
4 We start a new business (Paintball!), and engage in the following transactions during our first month of operations. 5 1) Issued common stock to equity investors for $10,000. 6 2) Rented a building for 3 months for $1,200. 7 3) Purchased land for paintball battles for $4,000. 8 4) Hired an employee, agreed to pay $800 per month, at the end of each month. 9 5) Sold services for $2,500 cash. 10 6) Sold services for $3,000- % for cash and on account 11 7) Collected half of what our customers owe us on account. 12 8) Paid our employee at the end of the month. 13 Exercise: Create the balance sheet, income statement, and statement of retained earnings for our 14 company at the end of month one. 15 Step by Step Solution
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