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Use the following to answer questions 21 - 27 ASSETS LIABILITIES & INCOME STATEMENT STOCKHOLDERS' EQUITY ACCOUNTS A. Cash F. Accounts Payable K. Service Revenue
Use the following to answer questions 21 - 27 ASSETS LIABILITIES & INCOME STATEMENT STOCKHOLDERS' EQUITY ACCOUNTS A. Cash F. Accounts Payable K. Service Revenue B. Accounts Receivable G. Deferred revenue L. Advertising expense C. Supplies H. Notes Payable M. Rent Expense D. Prepaid advertising 1. Common Stock N. Salaries/Wage expense E. Equipment J. Retained Earnings 0. Utilities expense February 1" transaction is completed as an example: Only include the letter of the account not the account name. Date Transaction AMOUNT February 01 (ex) Paid an Accounts Payable $1,200 February 2 Provided services to customers, invoiced customers they'll pay later. 30,500 February 7 Paid employees for the first week of February 9,900 February 14 Purchased supplies on account 300 February 15 Received payment from customers from invoices sent on 2/2 25,000 February 25 Paid for supplies purchased on February 14 300 February 28 Paid utility bill for February that arrived today 2,200 Credit Date FEB 1 Debit 1,200 ex Account Account payable (L. Cash (A) F A 1,200 21. Feb 2 22. Feb 7 23. Feb 14 24. Feb 15 25. Feb 25 26 Feb 28 Cash 18,600 1200 (ex) 27. _If January 31st cash was $18,600, what is the cash balance at the end of the day on 2/28? (The example has been posted for your benefit)
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