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Please analyze transactions with a assets=liabilities+stockholders' equity table. Ending cash balance equals $18,270, while total assets come out to $23,770. Net income totals to $2,170
Please analyze transactions with a assets=liabilities+stockholders' equity table. Ending cash balance equals $18,270, while total assets come out to $23,770. Net income totals to $2,170
P3-2A Nona Curry started her own consulting firm, Curry Consulting Inc., on May 1, 2017. The following transactions occurred during the month of May. 1 Stockholders invested S15,000 cash in the business in exchange for common stock. 2 Paid $600 for office rent for the month. 3 Purchased $500 of supplies on account. 5 Paid $150 to advertise in the County News 9 Received $1,400 cash for services performed. 12 Paid $200 cash dividend. 15 Performed $4,200 of services on account. 17 Paid $2,500 for employee salaries. May 20 Paid for the supplies purchased on account on May 3 Received a cash payment of $1,200 for services performed on account on May 15. Borrowed S5,000 from the bank on a note payable. Purchased office equipment for $2,000 paying $200 in cash and the balance on account. Paid $180 for utilities. 23 26 29 30Step by Step Solution
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