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prepare an equation analysis of the effects of the following transactions on the accounting equation tor sneridan Corp. 1. Purchased supplies on account, $370. 2.
prepare an equation analysis of the effects of the following transactions on the accounting equation tor sneridan Corp. 1. Purchased supplies on account, $370. 2. Provided a service on account, $670. 3. Paid salaries expense, $470. 4. Issued common shares in exchange for cash, $5,700. 5. Declared and paid $270 of dividends to shareholders. 6. Received cash from a customer who had previously been billed for services provided, $670 (see item 2). 7. Paid account owed to supplier on account, $370 (see item 1 ). 8. Paid for insurance in advance, $270. 9. Received cash in advance from a customer for services to be performed in the future, $470. 10. Performed the service that the customer previously paid for (see item 9)
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