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hello can you olease help with balance sheet GL0202 (Algo) - Based on Exercise 2-13 Prepare journal entries for each transaction and identify the financial
hello can you olease help with balance sheet
GL0202 (Algo) - Based on Exercise 2-13 Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements are automatically generated based on the joumal entries recorded. January 1x. Wright, owner, invested $154,750 cash in the company in exchange for comaon stoek. January 2 The company purchased supplies for $3,050 cash. January 3 The company purchased $14,050 of equipment on eredit. January 4 The company received $19,100 cash for services provided to a customer. January 5 The company paid $14,050 cash to settle the payable for the equipment purchased on January 3 . January 6 The company billed a cuetoner $4,500 for services provided. January 7 The company paid $3,025 cash for the monthly rent. January 8 The company collected $2,475 cash as partial paysent for the accouny receivable ereated on January 6 January 9 The company paid $12,500 cash in dividends to the owner (sole sharcholder). Answer is not complete. The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. Equity includes common stock and the ending retained earnings amount from the Statement of Retained Earnings Step by Step Solution
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