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Question 3 (1 point) Saved Jenna Jeffries started her business baking dog treats by investing cash of $1,000. During May, its first month of operations,

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Question 3 (1 point) Saved Jenna Jeffries started her business baking dog treats by investing cash of $1,000. During May, its first month of operations, Jenna's Barkery had revenues of $3,000, all of which was collected in cash. She paid her assistant $1,000 in cash and purchased $200 of supplies on account. The business paid cash dividends of $500. Stockholdersi Equity Accounts Retained Earnings Cash + Supplies Payable - Esp. Beg. Bal 1,000 Jenna will record the purchase of the supplies by Assets Liab. Common Stock 1.000 Rev. Div. increasing Supplies and decreasing Cash. increasing Supplies Expense and decreasing Accounts Payable. increasing Supplies and increasing Accounts Payable. increasing Supplies Expense and decreasing Supplies

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