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Transaction Analysis 1. On January 3, 2019, issues $20,000 shares of common stock for cash. 2. On January 5, 2019, purchases equipment on account for

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Transaction Analysis 1. On January 3, 2019, issues $20,000 shares of common stock for cash. 2. On January 5, 2019, purchases equipment on account for $3,500, payment due within the month. 3. On January 9, 2019, receives $4,000 cash in advance from a customer for services not yet rendered 3. On January 10, 2019, provides $5,500 in services to a customer who asks to be billed for the services. 4. On January 12, 2019, pays a $300 utility bill with cash. 5. On January 14, 2019, distributed $100 cash in dividends to stockholders. 6. On January 17, 2019, receives $2,800 cash from a customer for services rendered. 7. On January 18, 2019. paid in full, with cash, for the equipment purchase on January 5. 8. On January 20, 2019, paid $3,600 cash in salaries expense to employees. 9. On January 23, 2019, received cash payment in full from the customer on the January 10 transaction 10. On January 27, 2019, provides $1,200 in services to a customer who asks to be billed for the services. 11. On January 30, 2019. purchases supplies on account for $500, payment due within three months. Requirements Joumalize the trarsactions listed above following the journal entry format you learnt in Principles of Financial Accounting / then write a brief narrative explaining your (1) basis for choosing the particular accounts in each transaction: (2) the impact the transactions have on the accounts - increase, decrease, etc., and (3) how the transactions impact Assets, Liabilities, and Stockholders' Equity

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