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Exercise 3-14 (Part Level Submission) Selected transactions for Indigo Corporation during its first month in business are presented below. Sept. 1 5 8 14 25
Exercise 3-14 (Part Level Submission) Selected transactions for Indigo Corporation during its first month in business are presented below. Sept. 1 5 8 14 25 30 Issued common stock in exchange for $18,300 cash received from investors. Purchased equipment for $8,540, paying $2,870 in cash and the balance on account. Performed services on account for $18,000.. Paid salaries of $1,200. Paid $3,030 cash on balance owed for equipment. Paid $830 cash dividend. NET (a) Complete a tabular analysis of the September transactions. (If a transaction causes a decrease in Asset Labatles or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was reduced. See Illustration 3-3 for example.) Assets Liabilities Stockholders' Equity Retained Earnings Cash + Accounts Receivable + Equipment Accounts Payable + Common Stock + Revenues Expenses Dividends Sept. 1 $ $ Sept. 5 Sept. 8 Sept. 14 Sept. 25 Sept. 30 $ Click if you would like to show Work for this questions Open Show Work
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