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Stockholders' Equity: b . $ 0 2 0 , 0 0 0 ( c . ) $ 0 5 0 , 0 0 0 a
Stockholders' Equity:
b $
c $
a $
b $
Total liabilities and stockhelders' equity:
c $
a $
b $
c $
QUESTION TWO:
The information presented below was extracted from the journal books of ITMD company for auto mechanic services regarding some of the company's transactions. Draw a circle on the correct answer that represents the correct recording of each transaction on the company's journals:
Investing $ cash in the companys capital:
a Debit Stockholder's Equity, and Credit Cash
b Debit Cash, and Credit Stockholder's Equity
c Debit Cash, and Credit Creditors
Opening a bank account and depositing $ cash:
a Debit Bank Account, and Credit Cash
b Debit Cash, and Credit Bank Account
c Debit Stockholders Equity, and Credit Cash
Purchasing furniture for $ paid cash:
Student Name:
Student ID:
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