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I. Prepare a tabular analysis of the transactions below. 1. Stockholders invested $10,000 in the business 2. Received cash for services provided, $2000. 3. Bought
I. Prepare a tabular analysis of the transactions below. 1. Stockholders invested $10,000 in the business 2. Received cash for services provided, $2000. 3. Bought supplies on account, $75 4. Performed services on account, $2,500 5. Paid cash for utilities, $375 6. Paid cash for rent, $1000 7. Received cash for services provided, $3,500 8. Purchased office equipment on account, $1,200 9. Received cash for services performed in #4, $1000 10. Paid cash for repairs, $800 11. Received cash, $8500, from XYZ Bank money borrowed on a note payable 12. Paid cash for supplies bought in #3, $75 13. Bought office equipment, $3600, paying $2000 cash with the remainder on account 14. Incurred $450 in advertising costs on account II. Use the tabular analysis to answer each item below: a. How much are total assets? b. How much are total liabilities? c. How much is total stockholder's Equity? d. Is the accounting equation balanced
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