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***pls dont forget last line dividends thx! Selected transactices for Alvarado Company during ts first month in business are presented below: Sept. 1 Invested 12.000
***pls dont forget last line "dividends" thx!
Selected transactices for Alvarado Company during ts first month in business are presented below: Sept. 1 Invested 12.000 cash in the boarnerchange for common stock 5 Purchased equipment for $13,500 paying $2,900 in cash and the balance an account. 25 Pad $1,930 cash on balance owed for equipment. 30 Declared and ped a $649 cash dividend. Averede's chart of accounts Shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, Na 311 Common Stock, and No. 332 Dividends. Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Date Account Tities and Explanation Credit Sept. 1 Debit List of Accounts Accounts Payable Accounts Receivable Advertising Expense Buildings Cash Common Stock Dividends Equipment Gasoline Expense Insurance Expense Land Maintenance and Repairs Expense Miscellaneous Expense Mortgage Payable No Entry Notes Payable Prepaid Insurance Prepaid Rent Rent Expense Rent Revenue Retained Earnings Salaries and Wages Expense Salaries and Wages Payable Service Revenue Supplies Supplies Expense Unearned Service Revenue Utilities Expense Sept. 5 Sept. 25 Sept. 30 Post the transactions using the standard account form. (Post the entries into ledger in the order displayed in Part 1.) Cash No. 101 Dale Explanation Rel Det Credit Balance 31 31 11 No. 157 Debat Credit Balance No. 201 Debt Credit Balance 31 Equipment Date Explanation Red 31 Accounts Payable Date Explanation Red 31 31 Common Stock Date Explanation Rel 31 Dividendes Date Explanation Rel No. 311 Debit Credit Balance No. 332 Dell Credit BalanceStep by Step Solution
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