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On March 1, 2041, Sadie May established Pampered Pet, which completed the following transactions during the month: a. Sadie May transferred cash from a personal

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On March 1, 2041, Sadie May established Pampered Pet, which completed the following transactions during the month: a. Sadie May transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $10,000. b. Purchased supplies on account, $500. c. Eamed sales commissions, receiving cash, $6,125. d. Paid rent on office and equipment for the month, $1,900, e. Pald creditor on account. $300. f. Paid dividends, $1,500. 9. Pald automobile expenses (including rental charge) for month, $750 and miscellaneous expenses, $200. h. Paid office salaries, $1,550. 1. Determined that the cost of supplies used was $363 Required: 1. Soumalize entries for transactions (a) through 6). If an amount box does not require an entry, leave the box blank. >> (b) (5) 1. Journalize entries for transactions (a) through (1). If an amount box does not require an entry, leave the box blank. C . (6) c) (d) () sin Statele - but * (h) (0) 2. Prepare T accounts, using the account titles in part (1). Post the journal entries to these accounts, placing the appropriate letter to the left of sac amount to identify the transaction. Determine the account balances, after all posting is complete Accounts containing only a single entry do not nee balance Cash Supplies atement 1-8-20.pdf Supplies Bal. Accounts Payable Bal. Common Stock

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