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Gradebook ORION Downloadable eTextbook nment Nona Curry started her own consulting fim, Larkspur, Inc., on May 1, 2017. The following transactions occurred during the month
Gradebook ORION Downloadable eTextbook nment Nona Curry started her own consulting fim, Larkspur, Inc., on May 1, 2017. The following transactions occurred during the month of A May 1 Stockholders invested $20,550 cash in the business in exchange for common stock 2 Paid $822 for office rent for the month. 3 Purchased $685 of supplies on account. 5 Paid $205 to advertise in the County News 9 Received $1,918 cash for services performed 12 Paid $274 cash dividend 15 Performed $5,754 of services on account 17 Paid $3,425 for employee salaries. 20 Paid for the supplies purchased on account on May 3 23 Received a cash payment of $1,644 for services performed on account on May 15. 26 Borrowed $6,850 from the bank on a note payable. 29 Purchased office equipment for $2,740 paying $274 in cash and the balance on account 30 Paid $247 for utilities. (a) Your answera partially correct. Try again. Show the effects of the above transactions on the accounting equation using the following format. Assume the note payable is to be repaid with Liabilities or Stockholders Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset a 3-3 for example.) e here to search PrtScn PgUp 7 5 8 0
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