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Tiger Company completed the following transactions. The annual accounting period ends December 3 1 . January 3 Purchased merchandise on account at a cost of
Tiger Company completed the following transactions. The annual accounting period ends December
January Purchased merchandise on account at a cost of $Assume a perpetual inventory system.
January Paid for the January purchase.
April Received $ from Atlantic Bank after signing a month, percent promissory note.
June Purchased merchandise on account at a cost of $
July Paid for the June purchase.
July Rented out a small office in a building owned by Tiger Company and collected eight months rent in advance amounting to $
December Determined wages of $ were earned but not yet paid on December ignore payroll taxes
December Adjusted the accounts at yearend, relating to interest.
December Adjusted the accounts at yearend, relating to rent.
Required:
For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation.PBAlgo Determining Financial Effects of Transactions Affecting Current Liabilities with Evaluation
of Effects on the DebttoAssets Ratio LO LO
Tiger Company completed the following transactions. The annual accounting period ends December
January Purchased merchandise on account at a cost of $Assume a perpetual inventory system.
January Paid for the January purchase.
April Received $ from Atlantic Bank after signing a month, percent promissory note.
June Purchased merchandise on account at a cost of $
July Paid for the June purchase.
July Rented out a small office in a building owned by Tiger Company and collected eight months' rent in advance
amounting to $
December Determined wages of $ were earned but not yet paid on December ignore payroll taxes
December Adjusted the accounts at yearend, relating to interest.
December Adjusted the accounts at yearend, relating to rent.
Required:
For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation.
Complete this question by entering your answers in the tabs below.
stockholders equity with a minus sign. Enter your answers in transaction order provided in the problem statement.
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