Exercise 13-8A (Static) T-accounts and the accounting equation LO 13-1 Required Record each of the following...
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Exercise 13-8A (Static) T-accounts and the accounting equation LO 13-1 Required Record each of the following Fred Company events in T-accounts: a. Received $20,000 cash by issuing common stock. Cash Common Stock Debit Credit Debit Credit b. Purchased supplies for $1,000 cash. Debit Cash Supplies Credit Debit Credit c. Purchased land for $10,000 cash. Debit Cash Land Credit Debit Credit d. Performed services for $3,200 cash. Debit Cash Service Revenue Credit Debit Credit Exercise 13-8A (Static) T-accounts and the accounting equation LO 13-1 Required Record each of the following Fred Company events in T-accounts: a. Received $20,000 cash by issuing common stock. Cash Common Stock Debit Credit Debit Credit b. Purchased supplies for $1,000 cash. Debit Cash Supplies Credit Debit Credit c. Purchased land for $10,000 cash. Debit Cash Land Credit Debit Credit d. Performed services for $3,200 cash. Debit Cash Service Revenue Credit Debit Credit
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