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on september 1 of the current year joy tuker established a business to manage rental property she complated the following transactions durinh september their is
on september 1 of the current year joy tuker established a business to manage rental property she complated the following transactions durinh september
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Assignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator assignment-take&inprogress eBook Show Me How Calculator Transactions On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the follov during September a Opened a business bank account with a deposit of $36,000 in exchange for common stock b. Purchased office supplies on account, $3,210. c. Received cash from fees earned for managing rental property, $9,130 d. Paid rent on office and equipment for the month, $3,940 e. Paid creditors on account, $1,460 f. Billed customers for fees earned for ma g. Paid automobile expenses for month, $88 h. Paid office salaries, $2,770 naging rental droperty, $7,300. obile expenies for month, $880, and miscellaneous expenses, $440. . Determined that the cost of supplies on hand was $1,900; therefore, the cost of supplies used was $1.310 j. Paid dividends $2,530 Required: 1. Indicate the effect of each transaction and the balances after each transaction For those boxes in which no entry is required, leave the bos blani For those baxes in which vou must enter subtractive or negative numbers u se a minus sign. (Example:-300) Assets Liabilities Accounts Supplies Fees Common ividends Item Cash Receivable Payable Stock Earned b, Check Hy Assignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator assignment-take&inprogress eBook Show Me How Calculator Transactions On September 1 of the current year, Joy Tucker established a business to manage rental property. She completed the follov during September a Opened a business bank account with a deposit of $36,000 in exchange for common stock b. Purchased office supplies on account, $3,210. c. Received cash from fees earned for managing rental property, $9,130 d. Paid rent on office and equipment for the month, $3,940 e. Paid creditors on account, $1,460 f. Billed customers for fees earned for ma g. Paid automobile expenses for month, $88 h. Paid office salaries, $2,770 naging rental droperty, $7,300. obile expenies for month, $880, and miscellaneous expenses, $440. . Determined that the cost of supplies on hand was $1,900; therefore, the cost of supplies used was $1.310 j. Paid dividends $2,530 Required: 1. Indicate the effect of each transaction and the balances after each transaction For those boxes in which no entry is required, leave the bos blani For those baxes in which vou must enter subtractive or negative numbers u se a minus sign. (Example:-300) Assets Liabilities Accounts Supplies Fees Common ividends Item Cash Receivable Payable Stock Earned b, Check HyStep by Step Solution
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