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Dec. 1 Received $ 2 1 , 0 0 0 cash from Du in exchange for common stock. 2 Received $ 3 , 5 0
Dec. Received $ cash from Du in exchange for common stock.
Received $ cash from customers for services performed.
Paid $ cash for supplies.
Performed services for a customer and billed the customer for services rendered, $
Received $ invoice for utilities due in two weeks.
Paid for advertising on social media, $
Paid utility invoice received on December
Collected cash in full from customer billed on December
Paid rent for the month, $
Paid $ to assistant for wages.
Received $ cash from customers for services performed.
Cash dividends of $ were paid to stockholders.
Analyze the effects of the transactions on the accounting equation of Quick Media Services using a format similar to Exhibit F: Use the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Common Stock, Dividends, Service Revenue, Rent Expense, Utilities Expense, Wages Expense, and Advertising Expense.
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