Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

P1-46A (similar to) Question Help C Amanda Pandecenty opened her own whice on March 1, which she operates a corporation. The name of the new

image text in transcribed
image text in transcribed
P1-46A (similar to) Question Help C Amanda Pandecenty opened her own whice on March 1, which she operates a corporation. The name of the new is Amanda Paide Amy Paide experienced the following events during the orang new business and front of operation March 2018. Some of the events were personal and did not affect the practice Others were businesse s and should be cold for by business Click the loon to view the transactions e of the Requirement Analyse the fects of the preceding events on the accountington of A d idae Atomy Awyr the worshondigayon nation , beginning with e action on the store action that follows the action on the t on Atracting the ending balance of each count on the scale and totales and Company he r the business transaction in an Cary Gown s to an incuding 200 boce cou gar roba APA PAR Account Recom Common C O D Com Computer h e balance in each countr ysing is fact on the e for your online transactions prod u decrease in cont r a s te sc reen counting c t EQUITY Cont Retained Earnings * More Info Mar. 1 Sold personal investment in Amazon stock, which she had owned for several years, receiving $32,000 cash. 2 Deposited the $32,000 cash from the sale of the Amazon stock in her personal bank account. 3 Deposited $68,000 cash in a new business bank account titled Amanda Palmdale, Attorney. The business issued common stock to Palmdale. 5 Paid $650 cash for ink cartridges for the printer. 7 Purchased computer for the law office, agreeing to pay the account, $9,300, within three months. 9 Received $2,500 cash from customers for services rendered. 15 Received bill from The Lawyer for magazine subscription, $340. (Use Miscellaneous Expense account.) 23 Finished court hearings on behalf of a client and submitted a bill for legal services, $16,000, on account. 28 Paid bill from The Lawyer. 30 Paid utilities, $1,050. 31 Received $2,800 cash from clients billed on March 23. 31 Cash dividends of $3,000 were paid to stockholders. Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Statistics

Authors: Robert R. Johnson, Patricia J. Kuby

11th Edition

978-053873350, 9781133169321, 538733500, 1133169325, 978-0538733502

Students also viewed these Accounting questions