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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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Seat. I Inwed common shares h emchange tor $21000 eweh. 2. Pald 51300 aus for innt for the montfig Segteniber 5 Purchased rqulpment for 310400 psiring 52,100 in cash and the bulance on accoune. 8. Earned 56600 intevenue recelvine $900 wash and $5900 on acooun of 3erviced mrtivided 12. Incurred $400 in advertiaing escerae on astount. 20) Poid 52.900 for iepalis and mainteranct expenses 25 Paid 54600 ciathon balance owed for equltment. 27 linarred and pid inosme taves fer the manch avacunting to 51.100 30. Declared and paida $504 cash dividend. (3) Prepuce an equation arialysir of the Stptember transactionn. Uhe the following format, (V an amont resuces the bocount belanct

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