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need some assiatance on this Given: Fill this out: On April 1, Shamrock, Inc. began operations. The following transactions were completed during the month. 1.
need some assiatance on this
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On April 1, Shamrock, Inc. began operations. The following transactions were completed during the month. 1. Stockholders invested $25,900 in the business in exchange for common stock. 2. Obtained a bank loan for $7,600 by issuing a note payable. 3. Paid $11,900 cash to buy equipment. 4. Paid $1,300 cash for April office rent. 5. Paid $1,550 for supplies. 6. Purchased $650 of advertising in the Daily Herald, on account. 7. Performed services for $19,400 : cash of $2,160 was received from customers, and the balance of $17,240 was billed to customers on account. 8. Paid $430 cash dividend to stockholders. 9. Paid the utility bill for the month, $2,160. 10. Paid Daily Herald the amount due in transaction (6). 11. Paid $40 of interest on the bank loan obtained in transaction (2). 12. Paid employees' salaries and wages, $6,910. 13. Received $12,960 cash from customers billed in transaction (7). Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is requStep by Step Solution
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