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On October 1, two sisters, Cim and Chloe, started Car Dash, a company that provides car make up for special occasions. The asset, liability
On October 1, two sisters, Cim and Chloe, started Car Dash, a company that provides car make up for special occasions. The asset, liability and stockholders' equity account balances after each of the firm's first six transactions are shown below. Describe each of these six transactions. Accts Notes Common Cash + Receivable + Supplies + Equipment Payable + Stock Retained = Earnings a $7,000 $0 $0.00 $0 $0 $7,000 $0 b 4,500 0 2,500 7,500 0 2,500 00 0 $7,000 0 3,000 $7,000 0 d 1,400 0 2,500 6,100 3,000 $7,000 0 e 1,400 1,750. 2,500 6,100 3,000 $7,000 1,750 f 2,950 200 2,500 6,100 3,000 $7,000 1,750
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