Question
I need help with homework assignment: In response to the following scenario from E3-1 describe the effect of each transaction on assets, liabilities, and stockholder's
I need help with homework assignment:
In response to the following scenario from E3-1 describe the effect of each transaction on assets, liabilities, and stockholder's equity using and excel spread sheet;
Selected transactions for Thyme Advertising Company Inc
Issued common stock to investors in exchange for cash received from investors
Paid monthly rent
Received cash form customers when service was performed
Billed customers for services performed
Paid dividend to stockholders
Incurred advertising expense on account
received cash from customers billed (4)
Purchased additional equipment for cash
Purchased equipment on account
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