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During the first month of operations, May 2014, New Pane windows Inc. complete the following transactions. Requirements Set up the following T-account: Cash, Account Receivable,

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During the first month of operations, May 2014, New Pane windows Inc. complete the following transactions. Requirements Set up the following T-account: Cash, Account Receivable, Supplies. Equipment, land, Accounts payable, Share Capital, Dividends, Service Revenue, Salary Expense, and Utilities Expense. Record each transaction in the journal, using the account titles given. Key each transaction by date, Explanation are not required. post the transaction to the T-accounts, using transaction dates as posting references Label the ending balance of each account Balance, as shown in the chapter. Prepare the trail balance of each account balance of New Pane windows, at May 31, 2014. The manager asks you how much in total resource the business has to work with, how much it owes, and whether May 2014 was profitable (and by how much). Calculate the amounts needed to answer the questions

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