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The following information is for the M & N Fashion Consulting, Inc. M & N Fashion provides consulting services to clients. M & N Fashion
The following information is for the M & N Fashion Consulting, Inc. M & N Fashion provides consulting services to clients. M & N Fashion has existing balances from Feb. 28, 20Y5.
Record the transactions below on the worksheet provided for the month of March 20Y5.
Transaction 1:March 1 Borrowed $10,00 from the bank by issuing a note payable.
Transaction 2:March 2 Purchased equipment for $6,000 on account.
Transaction 3:March 5 Received $6,500 cash from the issuance to capital stock to
its sole stockholder, Sally, who is the owner of firm.
Transaction 4:March 7 Received $4,500 cash from customers for services
previously provided that was on account.
Transaction 5:March 9 Purchased supplies $3,500 cash.
Transaction 6:March 13 Paid $4,000 for the equipment that was purchased on
March 2nd.
Transaction 7:March 15 Performed services for a customer on account, $3,000.
Transaction 8:March 20 Paid wages for $1,200.
Transaction 9:March 28 Paid $850 to the bank on the loan, of which $200 was
interest and the rest was a repayment of the loan.
Transaction 10:March 30 Paid dividends of $700 to its shareholder, Sally.
must be in the format of the table I posted, please use that to fill in! thats where im co nfused.
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