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Current Attempt in Progress Selected transactions for Crane Corporation during its first month in business are presented below. Sept. 1 (a) 6 5 8 14
Current Attempt in Progress Selected transactions for Crane Corporation during its first month in business are presented below. Sept. 1 (a) 6 5 8 14 25 30 Issued common stock in exchange for $20,500 cash received from investors. Purchased equipment for $9,430, paying $2,590 in cash and the balance on account. Performed services on account for $20,300. Paid salaries of $3.500. Paid $3,140 cash on balance owed for equipment. Paid $640 cash dividend. Complete a tabular analysis of the September transactions, For transactions affecting stockholders' equity, provide explanations in the far-right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities
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