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Selected transactions for Kiriko, an architectural firm, in its first month of busines are shown below: Jan 2 Shareholders invested 520,000 cash in the business
Selected transactions for Kiriko, an architectural firm, in its first month of busines are shown below: Jan 2 Shareholders invested 520,000 cash in the business in exchange for common stock 6 Purchased equipment for 58,200 cash. 9 Purchased supplies on account for $500 11 Billed customers 51,400 for services performed. 16 Paid $700 cash for advertising 20 Received 900 cash from customers billed on January 11. 23 Made a $400 cash payment on accounts payable 28 Declared and paid 5600 case dividends to shareholders. Instructions For each transaction, enter the correct debit credit amounts in the T-accounts CASIE ACCOUNTS PAYABLE COMMON STOXX SERVICE INLE ACCOLINTS RECEIVABLE RETAINED EARNINGS ALWERTISING EXPENSE SUPPLIES DIVIDENDS DECLARED FOUIPMENT
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