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Selected transactions for Crane Corporation during its first month in business are presented below. Sept. 1 (a) 5 8 14 25 30 Issued common stock
Selected transactions for Crane Corporation during its first month in business are presented below. Sept. 1 (a) 5 8 14 25 30 Issued common stock in exchange for $20,500 cash received from investors. Purchased equipment for $9,430, paying $2,590 in cash and the balance on account. Performed services on account for $20,300. Paid salaries of $3.500. ities Paid $3,140 cash on balance owed for equipment. Paid $640 cash dividend. Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations in the far-right column. (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 was reduced.) Stockholders' Equity Selected tranactions for Crane Cerporation during its first menth in business ars presented below: Sept 1 tusud common stock in eachange for $20,500 canh received from imestars 5 Rurchused equpment tor $9.430, payins $2.590 in cash and the batance on account. 1. Pertormed vovices on mocount for $20,300. 14 Prid warles of 13500 25 Paid s2149 cash on balance owed for equipment: 30 Paidselocartividend. (a) that was reduceds) Complete a tabular analysis of the September transactions. For transactions affecting stockholders equity, provide explanations in the far-ripht column, if o transaction causer a decrease in Assets, Liobilitiea or Stock holden' Equity, place a negotive sign (or parentheies) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced] lecrease in Assets, Liabilities or Stociholders' Equity, ploce a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability ar Equity item hat mas reduced]
Selected transactions for Crane Corporation during its first month in business are presented below. Sept. 1 (a) 5 8 14 25 30 Issued common stock in exchange for $20,500 cash received from investors. Purchased equipment for $9,430, paying $2,590 in cash and the balance on account. Performed services on account for $20,300. Paid salaries of $3.500. ities Paid $3,140 cash on balance owed for equipment. Paid $640 cash dividend. Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations in the far-right column. (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 was reduced.) Stockholders' Equity
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