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Pharoah Company entered into these transactions during May 2025, its first month of operations. 1. Stockholders invested $44,500 in the business in exchange for common
Pharoah Company entered into these transactions during May 2025, its first month of operations. 1. Stockholders invested $44,500 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $27,600 from Ladd on account. 3. Paid $5,600 cash for May rent on storage space. 4. Performed computer services worth $18,700 on account. 5. Performed computer services for Wharton Construction Company for $3,800 cash. 6. Paid Western States Power Co. $6,200 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $2,000 on account. 9. Received $10,100 cash from customers for contracts billed in (4). Using the following tabular analysis, show the effect of each transaction on the accounting equation. Put explanation causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount en Chapter 3 Homework Question 10 of 11 CssetsCashReceivableAccounts (1) $ (2) (3) (4) (5) (6) (7) (8) (9) $ (6200) (27600) $ BA6000 SS 2023-...docx Accountin Chapter 3 Homework NWP Assessment Player how would you record a t x (d) Examples of How to Recor 1+ was/ui/v2/assessment-player/index.html?launchld =c83ee 970dc0c4fcba9e6400c72e57b99 H/question/9 9 Ally Bank \& Ally Inv... * 5 Get Directions New Tab 2.32/3 Revenues $ 27600 i i 6200 (27600) 2000 i 2000 $ 44500 i. 1 i $ Expenses (5600) 18700 3800 i. Service Revenue Utilities Expense i $ 22500 \( \$ \longdiv { 1 3 8 0 0 } \) Advertising Expense in Rent Expense Service Revenue C
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