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Huang Trucking Company was organized on January 1 . At the end of the first quarter ( three months ) of operations, the owner prepared
Huang Trucking Company was organized on January At the end of the first quarter three months of operations, the owner prepared a summary of its activities as shown in the first row of the following tabulation: Required: For each of the six transactions given in this tabulation, enter what you consider to be the correct amounts. The first transaction is illustrated. Note: Amounts to be deducted and lossesoutflows should be indicated with a minus sign. Answer is not complete. tableComputation ofSummary of Transactions,Income,Cashtablea Services performed for customers, $ of which $ remained uncollected atthe end of the quarter.$b Cash borrowed from the local bank, $oneyear note
Huang Trucking Company was organized on January At the end of the first quarter three months of operations, the owner prepared a summary of its activities as shown in the first row of the following tabulation:
Required:
For each of the six transactions given in this tabulation, enter what you consider to be the correct amounts. The first transaction is illustrated.
Note: Amounts to be deducted and lossesoutflows should be indicated with a minus sign.
Answer is not complete.
tableComputation ofSummary of Transactions,Income,Cashtablea Services performed for customers, $ of which $ remained uncollected atthe end of the quarter.$b Cash borrowed from the local bank, $oneyear note
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