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Jessie's Accounting Services was organized on June 1. The company received a contribution of (a) $1,000 from each of the two principal owners. During the
Jessie's Accounting Services was organized on June 1. The company received a contribution of (a) $1,000 from each of the two principal owners. During the month, Jessie's Accounting Services provided (b) services for cash of $1,400 and (c) services on account for $450, (d) received $250 from customers in payment of their accounts, (e) purchased supplies on account for $600 and (f) equipment on account for $1,350, (g) received a utility bill for $250 that will not be paid until July, and paid the full amount due on the equipment. Required: Use a T-account to determine the company's Cash balance on June 30. Use a T-account to determine the company's Cash balance on June 30. T-account Instructions Cash Bal
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