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Lummus Management Services opens for business and completes these transactions in September 1. Rhonda Lummus, the owner, invests $28,000 cash along with office equipment valued
Lummus Management Services opens for business and completes these transactions in September 1. Rhonda Lummus, the owner, invests $28,000 cash along with office equipment valued at $25,000 in the company. 2. The company made credit purchases for $9,000 in office equipment and $1,200 in office supplies. Payment is due within 10 days. 3. Completed work for a client and immediately received $2,600 cash. 4. Completed a $13,400 project for a client, who must pay within 30 days. 5. Paid in full the payable created on #2. 6. Received $7,800 cash as partial payment for the work completed on #4. 7. Completed work for another client for $1,900 on credit. 8. Lummus withdrew $5,300 cash from the company for personal use. 9. The company purchased $1,700 of additional office supplies on credit. 0. The company paid $460 cash for this month's utility bill. 1. Paid employees $1,000 Answer the following: Total Assets [Choose Total Equity Choose] Total Liability Choose Net Income Choose Cash Choose Total Revenue Choose Total Expenses Choose Accounts Receivable Choose Accounts Payable Choose
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