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lex Vera organized Succulent Express at the beginning of February 20Y4. During february, Succulent Express entered into the following transactions: Terry Mason invested $27,375 in
lex Vera organized Succulent Express at the beginning of February 20Y4. During february, Succulent Express entered into the following transactions: Terry Mason invested $27,375 in Succulent Express in exchange for common stock. Paid $6,930 on February 1 for an insurance premium on a one-year policy. Purchased supplies on account, $2,100. Received fees of $38,105 during February. Paid expenses as follows: wages, $18,600; rent, $3,100; utilities, $1,550; and miscellaneous, $1,705. Paid dividends of $8,580. tecord the preceding transactions using the integrated financial statement framework. ifter each transaction, enter a balance for each item. If an amount box does not equire an entry, leave it blank. Enter account decreases and net cash outflows is negative amounts using the minus sign. ing of February 20Y4. During 9 transactions: ess in exchange for common hium on a one-year policy. $3,100; utilities, \$1,550; and ad financial statement framework. If an amount box does not lecreases and net cash outflows \begin{tabular}{lll} \hline Balance Sheet & & \end{tabular} Transactions Using Accrual Accounting Alex Vera organized Succulent Express at the beginning of February 20Y4. During February, Succulent Express entered into the following transactions: a. Terry Mason invested $27,375 in Succulent Express in exchange for common stock. b. Paid $6,930 on February 1 for an insurance premium on a one-year policy. c. Purchased supplies on account, $2,100. d. Received fees of $38,105 during February. e. Paid expenses as follows: wages, $18,600; rent, $3,100; utilities, $1,550; and miscellaneous, $1,705. f. Paid dividends of $8,580. Record the preceding transactions using the integrated financial statement framework. After each transaction, enter a balance for each item. If an amount box does not require an entry, leave it blank. Enter account decreases and net cash outflows as negative amounts using the minus sign. inning of February 20Y4. During pwing transactions: xpress in exchange for common remium on a one-year policy. rated financial statement framework. tem. If an amount box does not it decreases and net cash outflows Balance Sheet \begin{tabular}{l} \hline Ssets \\ \hline \end{tabular}
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