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Selected transactions for Sheridan Corporation during September 2018, its first month in business, are presented below: Sept. (a) 1 Issued common shares in exchange for
Selected transactions for Sheridan Corporation during September 2018, its first month in business, are presented below: Sept. (a) 1 Issued common shares in exchange for $21,000 cash. Paid $1,300 cash for rent for the month of September. Purchased equipment for $10,400, paying $2,100 in cash and the balance on account. Earned $6,800 in revenue, receiving $900 cash and $5.900 on account of services provided. Incurred $400 in advertising expense on account. Paid $2,900 for repairs and maintenance expenses. Paid $4,600 cash on balance owed for equipment. Incurred and paid income taxes for the month amounting to $1,100. Declared and paid a $500 cash dividend. 2 5 12 20 8 CO 25 27 30 Sept 1 Prepare an equation analysis of the September transactions. Use the following format. (If an amount reduces the account balance then enter with a negative sign preceding the number eg.-15,000 or in parenthesis e.g. (15,000).) Sept. 2 Sept. 25 Sept. 5 Sept 20 Sept 27 Sept 8 Sept. 12 Sept 30 eTextbook and Media List of Accounts Cash Save for Later Assets Accounts Receivable " Equipment 4 Attempts: 0 of 2 used Liabilities Accounts Paya Submit Answer
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