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Prepare the balance sheet and statement of comprehensive income for these transactions From Transactions to Financial Statements Snow White started a laundry service, Shinny Laundry,
Prepare the balance sheet and statement of comprehensive income for these transactions
From Transactions to Financial Statements Snow White started a laundry service, Shinny Laundry, on July 1, 2022. The following transactions occurred during the month of July. July 2 Shareholders invested NT\$60,000 cash in the business in exchange for shares. 4 Purchased washing machines for NT$36,000. Snow White paid NT\$5,000 in cash and signed a 60-day notes payable for the remaining balance. 5 Paid NT\$5,000 for office rent for the month. 7 Purchased NT\$7,000 of supplies on account. 12 Paid NT\$1,000 to a local newspaper for advertising. 14 Performed NT\$85,000 of service on account. 16 Received NT\$30,000 cash for service provided. 18 Paid for supplies purchased on July 7. 23 Received cash payment of NT\$50,000 for service provided on account on July 14 . 27 Paid NT\$40,000 for employee salaries. 29 Paid NT\$2,000 for utilities. 31 Declared and paid cash dividends of NT\$9,000Step by Step Solution
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