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HI! Looking to see the numbers and how you derived, what was the formula. Please attach chart. Thanks Happy Friday lifa1.lyryx.com/student-servlets/LabServlet?ccid=7845 yryx Spreadsheet Print Preferences

HI!

Looking to see the numbers and how you derived, what was the formula. Please attach chart. Thanks

Happy Friday

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lifa1.lyryx.com/student-servlets/LabServlet?ccid=7845 yryx Spreadsheet Print Preferences Help Lab 2.2 (Question 1) Name: Fiona Murton Cabrera Date: 2020-10-30 Question 1 [40 points] X-cell Inc. began operations on October 1, 2014, and showed the following account balances at October 31. Cash: $29,000; Accounts Receivable: $4,700; Supplies: $2,900; Prepaid Rent: $2,400; Accounts Payable: $10,800; Share Capital: $21,800; Dividends: $2,400; Rent Earned: $12,900; Advertising Expense: $4, 100. The following transactions occurred during November. a. November 1 : Andrew Martin (a shareholder), received share capital in X-cell Inc., after investing $40,000 cash and $10,000 worth of supplies in X-cell Inc. b. November 3 : A bill was received today for last week's $500 advertising campaign. It must be paid within 15 days C. November 5 : A client rented equipment for $600 cash. d. November 7 : Furniture was rented by a customer for $1,700 on credit. . November 10 : X-cell Inc. paid $200 towards the bill from transaction (b). f. November 12 : Collected $600 regarding a credit customer's account. g. November 14 : X-cell Inc. bought $900 of supplies paying $200 cash and $700 on account . November 15 : The bill for the $1,500 advertising campaign that ran last week was received today and paid. i. November 17 : X-cell Inc. returned $200 of defective supplies today that were originally purchased for cash. j. November 20 : X-cell Inc. spent $900 cash on supplies. Enter each account balance as of October 31 in the appropriate T-account, and then record the transactions by entering the debit and credit entries directly in the T-accounts. Use the date for each transaction to identify the entries, placing the date in the left-hand cell and the amount in the right-hand cell of the appropriate side of the T-account. Then determine the balance of each account, and write 'Balance' (or 'Bal') next to it, in the left-hand cell on the appropriate side. Cash Accounts Receivable Supplies Prepaid Rent Accounts Payable Share Capital Dividends Rent Earned Advertising Expense

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