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The following amounts summarize the financial position of Smith Computing, Inc., on September 30, 2018: |(Click the icon to view the September 30, 2018 financial

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The following amounts summarize the financial position of Smith Computing, Inc., on September 30, 2018: |(Click the icon to view the September 30, 2018 financial position.) During October 2018, Smith Computing completed these transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 1. Analyze the effects of the preceding transactions on the accounting equation of Smith Computing, Inc. Enter the transactions in the accounting equation, beginning with transaction "a." For transactions that affect stockholders' equity, select the type of equity transaction. For transaction "g", enter the amounts into the accounting equation as one transaction. After all transactions have been entered, calculate the ending balance of each account, total assets, and total liabilities and stockholders' equity. (Use parentheses or a minus sign when decreasing accounts. If a box is not used in the table leave the box empty; do not enter a zero.) Assets Liabilities Stockholders' Equity + Accounts Accounts Common Retained Type of Equity Transaction Cash + Receivable + Supplies + Equipment + Stock + Earnings Payable 7,700 Bal 2,250 3,500 12,100 = 5,800 4,350 (a) Question Help i September 30, 2018 financial position Transactions Assets Liabilities Stockholders' Equity Accounts Accounts Common Retained a. Cash + Receivable + Supplies + + Stock + Earnings Equipment 12,100 Payable 7,700 Bal 2,250 3,500 5,800 4,350 Print Done The company received cash of $4,400 and issued common stock. b. Performed services for a customer and received cash of $6,500. c. Paid $4,900 on accounts payable. d. Purchased supplies on account, $600. e. Collected cash from a customer on account, $1,600. f. Consulted on the design of a computer system and billed the customer for services rendered, $4,400. g. Recorded the following business expenses for the month: (1) paid office rent- $1,700; (2) paid advertising$700. (Record the cash amount as a total and identify and record any other amounts separately.) h. Declared and paid a cash dividend of $3,200. Accounts Accounts Common Retained Type Cash + Receivable + Supplies + Equipment Payable + Stock + Earnings Tra Bal 2,250 3,500 12,100 = 7,700 5,800 4,350

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