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Old MathJax webview please solve it fast ASAP with all requirements please solve it fast ASAP with all requirements Question 2: Analyze the effects of
Old MathJax webview
please solve it fast ASAP with all requirements
please solve it fast ASAP with all requirements
Question 2: Analyze the effects of the transactions given below(20 marks). ASSETS = LIABILITIES + Accounts Receivable STOCKHOLDERS' EQUITY Common Retained Cash $ 10,000 Truck Notes Payable Supplies $ 500 Accounts Payable $ 2,500 Stock Bal $ 2,000 Earnings $ 6,000 $ 4,000 1. 2. 3. 4. 5. 6. 7. 8 8. 9. 10. 1. Boring invested $210,000 in exchange for common stock. 5. Provided $1,000 of services on account. 278 9. 10. 1. Boring invested $210,000 in exchange for common stock. 2. Purchased $1,000 of supplies on account. 31. Purchased a truck for $12,000, terms $1,500 down and the balance on a 2-year note payable. 4. Provided $5,000 of services for cash. 5. Provided $1,000 of services on account. 6. Paid an employee salary of $1,200. 7. Collected $500 on account 8. Paid a $700 dividend. 9. Paid $1,000 on account for the supplies purchased in transaction 2 10. Paid $800 rent. #o Heading Heading 2 AUBBCCD Subtitle Subtle Em.. Emphasis Emphasis Styles Replace Change Styles Selest Question 2: Analyze the effects of the transactions given below(20 marks). Editing ASSETS LIABILITIES Accounts Receivable + Cash Accounts Bal $ 10,000 Supplies $ 500 Truck Notes Payable $ 2,000 Payable $ 2,500 STOCKHOLDERS' EQUITY Common Retained Stock Earnings $ 4,000 $ 6,000 1. 2. 3. 4. 5. 6. 7. 8. 9. 120 3 of 4 Words: 278 1038 PM 7. 8. 9. 10. 1. Boring invested $210,000 in exchange for common stock. 2. Purchased $1,000 of supplies on account. 3. Purchased a truck for $12,000, terms $1,500 down and the balance on a 2-year note payable. 4 Provided $5,000 of services for cash. 5. Provided $1,000 of services on account. 6. Paid an employee salary of $1,200. 7. Collected $500 on account 8. Paid a $700 dividend. 9. Paid $1,000 on account for the supplies purchased in transaction 2. 4. . 120% Page 3 of 4 Words: 278 0 Bi 26C A 10:38 PM 9/21/2021 o Type here to searchStep by Step Solution
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