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Dec: DCC's owner paid $12,000 cash to acquire 300 of DCC's common shares. Dec 7: DCC ordered cleaning supplies at a total cost of $1,760.
Dec: DCC's owner paid $12,000 cash to acquire 300 of DCC's common shares. Dec 7: DCC ordered cleaning supplies at a total cost of $1,760. The supplies are expected to be recelved in Dec 17: Customers paid $225 cash to DCC to obtain DCC gift cards that they could use to obtain future Dec 21: DCC ran advertising in the local newspaper today at a total cost of $550. DCC is not required to pay Dec 22: DCC paid $1,450 to the landlord for January rent. early January. cleaning services at no additional cost for the advertising until January 21 Dec 23: DCC's owner sold 20 of his own DSS common shares to a private investor, at a selling price of $1,000. Dec 28: DCC paid in full for the advertising run in the local newspaper on December 21 Dec 29: The cleaning supplies ordered on December 7 were received today. DCC does not have to pay for these supplies until January 29. Dec 31: Today, DCC completed cleaning services for several large companies at a total price of $2,550. The companies are e d to pay for the services by January 31. 3. 20.00 points Required 1. Indicate the accounting equation effects of each of the following item. Reference each transaction by date. (Enter any decreases to account balances with a minus sign.) Assets Liabilities Stockholders' Equity Dec 01 Dec 07 Dec 17 Dec 21 Dec 22 Cash 12,000 1,760 Common stock 12,000 Dec 23 Dec 28 Dec 29 Dec 31
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