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Transactions On April 1 of the current year, Morgan Jones established a business to manage rental property. She completed the following transactions during April: a
Transactions
On April of the current year, Morgan Jones established a business to manage rental property. She completed the following transactions during April:
a Opened a business bank account with a deposit of $ in exchange for common stock.
b Purchased office supplies on account, $
c Received cash from fees eartred for managing rental property,
d Paid rent on office and equipment for the month, $
e Paid creditors on account, $
f Billed customers for fees earned for managing rental property, $
Paid automobile expenses for month, and miscellaneous expenses,
h Paid office salaries, $
i Determined that the cost of supplies on hand was $; therefore, the cost of supplies used was $
j Paid dividends, $
Required:
Indicate the effect of each transaction and the balances after each transaction:
For those boxes in which no entry is required, leave the box blank.
For those boxes in which you must enter subtractive or negative numbers use a minus sign. Example:
Determine the net income for April.
How much did April's transactions increase or decrease stockholders' equity?
by
Please help me with this. I answered everything but i got partial on my attempt. But i changed two things. Also please make sure that they are correct an have no mistakes. thank you so much
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