On April 1, Metlock, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $30,600 cash in the company in exchange for common stock. 2. Paid $610 cash for April officerent. 3. Purchased office equipment for $3,280 cash. 4. Purchased $210 of advertising in the Chicago Tribune, on account. 5. Paid $310 cash for office supplies. 6. Performed services worth $12,000. Cash of $2,700 is received from customers, and the balance of $9,300 is billed to customers on account. 7. Paid $260 cash dividends. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees salaries $1,500. 10. Received $9,300 in cash from customers billed previously in transaction (6). Part 1 Prepare a tabular analysis of the above transactions. Include margin explanations for any changes in Retained Earnings Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example) _J d+ 44 OR * PRISC DI $ 96 ) 3 & 7 4 5 6 8 9 Backspace 0 E R T Y U O P C 3 D F G HJ K L Enter Assets Cash + Accounts Receivable + Supplies + Equipment (1) $ $ $ $ 2 ) (3) (4) (5) (6) (7) (8) (9) (10) $ $ $ $ EX OM PASC 08 +4 F 14 ) 96 & $ Backspa 5 6 7 8 9 0 R O Y U T ] On April 1, Metlock, Inc. was established. These transactions were completed during the month. 1. Stockholders invested $30,600 cash in the company in exchange for common stock. 2. Paid $610 cash for April officerent. 3. Purchased office equipment for $3,280 cash. 4. Purchased $210 of advertising in the Chicago Tribune, on account. 5. Paid $310 cash for office supplies. 6. Performed services worth $12,000. Cash of $2,700 is received from customers, and the balance of $9,300 is billed to customers on account. 7. Paid $260 cash dividends. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees salaries $1,500. 10. Received $9,300 in cash from customers billed previously in transaction (6). Part 1 Prepare a tabular analysis of the above transactions. Include margin explanations for any changes in Retained Earnings Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example) _J d+ 44 OR * PRISC DI $ 96 ) 3 & 7 4 5 6 8 9 Backspace 0 E R T Y U O P C 3 D F G HJ K L Enter Assets Cash + Accounts Receivable + Supplies + Equipment (1) $ $ $ $ 2 ) (3) (4) (5) (6) (7) (8) (9) (10) $ $ $ $ EX OM PASC 08 +4 F 14 ) 96 & $ Backspa 5 6 7 8 9 0 R O Y U T ]
