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Please help complete the ones in red Stockholders invested $29,427 cash in the company in exchange for common stock. Paid $658 cash for April office
Please help complete the ones in red
Stockholders invested $29,427 cash in the company in exchange for common stock. Paid $658 cash for April office rent. Purchased office equipment for $3,787 cash. Purchased $120 of advertising in the Chicago Tribune, on account. Paid $429 cash for office supplies. Performed services worth $12,793. Cash of $2,138 is received from customers, and the balance of $10,655 is billed to customers on account. Paid $343 cash dividends. Paid Chicago Tribune amount due in transaction (4). Paid employees' salaries $1,434. Received $10,655 in cash from customers billed previously in transaction (6). Prepare a tabular analysis of the above transactions. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset Liability or Equity item that we reduced. See Illustration 3-3 for example.)Step by Step Solution
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