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please answer The general ledger of Blue Highway Cleaners at January 1, 2024, includes the following account balances: The following is a summary of the
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The general ledger of Blue Highway Cleaners at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. March 12 2. May 2 3. June 30 4. August 1 5. September 25 Provide services to customers, $44,000, of which $19,400 is on account. Collect on accounts receivable, $16,400. Issue shares of common stock in exchange for $6,000 cash. Pay salaries of $8,700 from 2023 (prior year). October 19 Purchase equipment for $6,400cash. 7. December 30 Pay $1,100 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued salaries at year-end amounted to $19,600. Depreciation for the year on the equipment is $3,400. Office supplies remaining on hand at the end of the year equal $1,000. The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selectionStep by Step Solution
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