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Speedy Delivery Service had the following selected transactions during April: Received cash from issuance of capital stock. dollars 100,000. Paid rent for April. dollars 4,

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Speedy Delivery Service had the following selected transactions during April: Received cash from issuance of capital stock. dollars 100,000. Paid rent for April. dollars 4, 200. Paid advertising expense. dollars 3,000. Received cash for providing delivery services. dollars 27,000. Purchased supplies for cash, dollars 2, 500. Billed customers for delivery services on account, dollars 81, 200. Paid creditors on account. dollars 8, 300. Received cash from customers on account, dollars 25, 600 Determined that the cost of supplies on hand was dollars 900; therefore, dollars 1, 600 of supplies had been used during the month. Paid dividends, Dollars 3,000 Indicate the effect of each transaction on the accounting equation by listing the numbers identifying the transactions, (1) through (10). in a vertical column, and insetting at the right of each number the appropriate letter from the following list: Increase in an asset, decrease in another asset. Increase In an asset. increase in a liability. Increase in an asset, increase in stockholders' equity. Decrease in an asset, decrease In a liability. Decrease in an asset, decrease in stockholders' equity. 1 First, provide the journal entry to record EACH of the 10 transaction listed in E2 l0 on page 69 of the textbook. Second, indicate whether Each of the 10 transactions listed in E2-10 would increase, decrease, or have no effect on NTT INCOME Thud, briefly describe in a few sentences how the matching principle applies to the recording of depreciation expense for the purchase cost of equipment with a useful life of 5 years

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