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The following amounts summarize the financial position of Davis Computing, Inc., on September 30, 2018: (Click the icon to view the September 30, 2018 financial
The following amounts summarize the financial position of Davis Computing, Inc., on September 30, 2018: (Click the icon to view the September 30, 2018 financial position.) During October 2018, Davis Computing completed these transactions: (Click the icon to view the transactions.) Davis Computing, Inc. performed a transactional analysis to determine the effects of the transactions on their accounting equation. (Click the icon to view the completed accounting equation analysis.) Read the requirements. Requirements 2 and 3. Prepare T-Accounts for each account. Insert in each T-account its September 30 balance as given (example: Cash $2,400). Then, post the October transactions to the T-accounts. Compute the balance in each account. Begin by entering the appropriate beginning balances and posting transactions (a) through (h). Label each balance and transaction with the appropriate posting reference. Finally, label and calculate each ending balance. (For accounts with a zero beginning balance, do not enter a "0" or Select the "Bal" reference.) Review the journal entries from Requirement 1. * Journal entries from Requirement 1 Cash Common Stock (a) (b) Accounts Debit Credit (e) 3,500 3,500 6,500 (a) Cash Common Stock (b) Cash Service Revenue (c) Accounts Payable Cash 6.500 4,400 Accounts Receivable Retained Earnings 4.400 1,200 1,200 1,700 1,700 4,700 Supplies Dividends (d) Supplies Accounts Payable (e) Cash Accounts Receivable (1) Accounts Receivable Service Revenue (9) Rent Expense Advertising Expense Cash (h) Dividends Cash 4,700 1,800 550 2,350 2,700 2,700 Choose from any list or enter any number in the input fields and then click Check Answer. Print Done All parts showing Check
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