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During January, 2020 the first month of Hoang Anh Corporation, the business completed the following transactions: Date Transactions 1 Issued common stocks for cash $25,000.
During January, 2020 the first month of Hoang Anh Corporation, the business completed the following transactions: Date Transactions 1 Issued common stocks for cash $25,000. 5 Purchased supplies $650, and furniture $7,000 on account 7 Performed service for an auditing firm and received $...... 9 Performed service for a repair on account $...... 11 Paid supplies purchased January 3 on account. 15 Received cash on account S..... 17 Prepared a repair for a school on account S.... 25 Received $2,100 cash for repairing buildings of DEF Company Paid utilities expense of month S.... 28 Purchased office furniture for cash $..... 29 Paid January rent expense $...... 31 Paid salary expense S.... 31 Paid cash dividend $... 27 Note: The closing balance of CASH account was $22,500 Required: 1. Fill the dot (.....) with a reasonable amount for given transactions above. (0.75 marks) 2. Prepare journal entries for the given transactions. (0.75 marks) 3. Post the transaction to T accounts. (0.5 marks) 4. Prepare Trial Balance. (0.5 marks)
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