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Enter the remaining transactions for the month of AprilApril into the expanded accounting equation, calculating new balances after each transaction. ( If a box is

Enter the remaining transactions for the month of AprilApril into the expanded accounting equation, calculating new balances after each transaction. (If a box is not used in the table, leave the box empty; do not enter a zero. Carry down all balances, including zero balance accounts. Enter decreases with a minus sign or parentheses. Abbreviations used: AR- Accounts receivable; Sup= Supplies; Equip= Equipment; AP= Accounts payable; CS= Common stock; Rev= Revenue; Exp= Expense; Div= Dividends.)
a. GarryGarry received $ 10 comma 000$10,000 as a gift and used it to buy common stock in the business.
Assets
=
Liabilities
+
Stockholders' equity
Cash
+
AR
+
Sup
+
Equip
=
AP
+
CS
+
Retained earnings
Rev
-
Exp
-
Div
Bal
1,490
+
4,130
+
0
+
26,000
=
5,200
+
21,890
+
6,300
-
1,770
-
0
a.
+
+
+
=
+
+
-
-
Bal
+
+
+
=
+
+
-
-
Part 2
b. Paid off the beginning balance of Accounts payable.
Assets
=
Liabilities
+
Stockholders' equity
Cash
+
AR
+
Sup
+
Equip
=
AP
+
CS
+
Retained earnings
Rev
-
Exp
-
Div
b.
+
+
+
=
+
+
-
-
Bal
+
+
+
=
+
+
-
-
Part 3
c. Performed services for a client and received cash of $ 4 comma 000$4,000.
Assets
=
Liabilities
+
Stockholders' equity
Cash
+
AR
+
Sup
+
Equip
=
AP
+
CS
+
Retained earnings
Rev
-
Exp
-
Div
c.
+
+
+
=
+
+
-
-
Bal
+
+
+
=
+
+
-
-
Part 4
d. Collected cash from a customer on account, $ 800$800.
Assets
=
Liabilities
+
Stockholders' equity
Cash
+
AR
+
Sup
+
Equip
=
AP
+
CS
+
Retained earnings
Rev
-
Exp
-
Div
d.
+
+
+
=
+
+
-
-
Bal
+
+
+
=
+
+
-
-
Part 5
e. Purchased supplies on account, $ 1 comma 200$1,200.
Assets
=
Liabilities
+
Stockholders' equity
Cash
+
AR
+
Sup
+
Equip
=
AP
+
CS
+
Retained earnings
Rev
-
Exp
-
Div
e.
+
+
+
=
+
+
-
-
Bal
+
+
+
=
+
+
-
-
Part 6
f. Consulted on the interior design of a major office building and billed the client for services performed, $ 5 comma 000$5,000.
Assets
=
Liabilities
+
Stockholders' equity
Cash
+
AR
+
Sup
+
Equip
=
AP
+
CS
+
Retained earnings
Rev
-
Exp
-
Div
f.
+
+
+
=
+
+
-
-
Bal
+
+
+
=
+
+
-
-
Part 7
g. Sold an additional $ 7 comma 000$7,000 of common stock in the business.
Assets
=
Liabilities
+
Stockholders' equity
Cash
+
AR
+
Sup
+
Equip
=
AP
+
CS
+
Retained earnings
Rev
-
Exp
-
Div
g.
+
+
+
=
+
+
-
-
Bal
+
+
+
=
+
+
-
-
Part 8
h. Incurred and paid salaries of $ 2 comma 100$2,100.
Assets
=
Liabilities
+
Stockholders' equity
Cash
+
AR
+
Sup
+
Equip
=
AP
+
CS
+
Retained earnings
Rev
-
Exp
-
Div
h.
+
+
+
=
+
+
-
-
Bal
+
+
+
<

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