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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 $ comma $ 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
a
Bal
Part
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
c Performed services for a client and received cash of $ comma $
Assets
Liabilities
Stockholders' equity
Cash
AR
Sup
Equip
AP
CS
Retained earnings
Rev
Exp
Div
c
Bal
Part
d Collected cash from a customer on account, $ $
Assets
Liabilities
Stockholders' equity
Cash
AR
Sup
Equip
AP
CS
Retained earnings
Rev
Exp
Div
d
Bal
Part
e Purchased supplies on account, $ comma $
Assets
Liabilities
Stockholders' equity
Cash
AR
Sup
Equip
AP
CS
Retained earnings
Rev
Exp
Div
e
Bal
Part
f Consulted on the interior design of a major office building and billed the client for services performed, $ comma $
Assets
Liabilities
Stockholders' equity
Cash
AR
Sup
Equip
AP
CS
Retained earnings
Rev
Exp
Div
f
Bal
Part
g Sold an additional $ comma $ of common stock in the business.
Assets
Liabilities
Stockholders' equity
Cash
AR
Sup
Equip
AP
CS
Retained earnings
Rev
Exp
Div
g
Bal
Part
h Incurred and paid salaries of $ comma $
Assets
Liabilities
Stockholders' equity
Cash
AR
Sup
Equip
AP
CS
Retained earnings
Rev
Exp
Div
h
Bal
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