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HOW2 Online teachi: X o Mail - Thomasina S Williams-OX + ssignment/takeAssignment Main.do?invoker=&take AssignmentSessionLocator&inprogress=false eBook Show Me How Calculator Print Item Transactions On September 1

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HOW2 Online teachi: X o Mail - Thomasina S Williams-OX + ssignment/takeAssignment Main.do?invoker=&take AssignmentSessionLocator&inprogress=false eBook Show Me How Calculator Print Item Transactions On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the following transactions during September: a. Opened a business bank account with a deposit of $29,000 in exchange for common stock. b. Purchased office supplies on account, 52,160. c. Received cash from fees earned for managing rental property, 55,910. d. Pald rent on office and equipment for the month, $2,650. e. Paid creditors on account, $980. f. Billed customers for fees earned for managing rental property, 54,910. g. Paid automobile expenses for month, $590, and miscellaneous expenses, $290. h. Pald office salaries, 51,870. 1. Determined that the cost of supplies on hand was $1,280; therefore, the cost of supplies used was $890. J. Paid dividends $1,770. Required: 1. Indicate the effect of each transaction and the balances after each transaction: For those boxes in which no entry is required, leave the box blank. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) Assets Liabilities + Accounts Accounts Common Item Cash Supplies Dividends Receivable Payable Stock Earned 29,000 29,000 2,160 SE Rent + + Expert 2,160 2,160 Bal 2.160 29,000 29,000 101 PM 8/21/2020 E DOLL pits home and ch 3 % A $ 4 6 7 8 0

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