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Selected transactions for Splish Brothers Company during its first month in business are as follows. Sept. 1 Invested $13,000 cash in the business. Purchased equipment
Selected transactions for Splish Brothers Company during its first month in business are as follows. Sept. 1 Invested $13,000 cash in the business. Purchased equipment for $10,000 paying $3.500 in cash and the balance on account 25 Paid $1,700 cash on balance owed for equipment. 30 Withdrew $800 cash for personal use. 5 Brothers's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 301 Owner's Capital, and No.306 Owner's Drawings. Post the transactions using the standard account form. (Post the entries into ledger in the order presented in the previous part.) Cash Date Explanation Ref Credit Debit 31 11 J1 J1 Equipment Date Explanation Ref Debit Credit 11 Accounts Payable Date Explanation Ref Debit Credit 31 31 Owner's Capital Explanation Ref Date Debit Credit J1 | Owner's Drawings Explanation Ref Date Debit Credit 11 Save for Later Attempts: 0 of 1 used Submit
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