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Use the following to answer questions 21 - 27 end of the day? ASSETS LIABILITIES & A. Cash STOCKHOLDERS' EQUITY INCOME STATEMENT B. Accounts Receivable

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Use the following to answer questions 21 - 27 end of the day? ASSETS LIABILITIES & A. Cash STOCKHOLDERS' EQUITY INCOME STATEMENT B. Accounts Receivable F. Accounts Payable ACCOUNTS C. Supplies G. Salaries Payable K. Service Revenue D. Prepaid advertising H. Deferred revenue L. Advertising expense E. Equipment 1. Notes Payable M. Rent Expense J. Retained Earnings N. Salaries/Wage expense O. Utilities expense February 1st transaction is completed as an example: Only include the letter of the account not the account name. Date Transaction February 01 (ex) Paid an Accounts Payable AMOUNT February 2 Collected from customers for sales made in January $500 February 7 45,000 Paid employees for work performed in January 34,000 February 14 February 15 Purchased supplies on account 495 Provided services to cash customers 15,000 February 28 Recorded salaries for February, will pay in March 25,000 February 28 Received cash in advance from customers will provide service later 3,000 Date Account Debit Credit ex FEB 1 F Account payable (L-) 500 A Cash (A-) 500 21. Feb 2 22 Feb 7 23 Feb 14 24. Feb 15 25 Feb 28 26 Feb 28 Cash If January 31st cash was $10,000, what is the cash balance 27 . $ 10,000 at the end of the day on 2/28? (The example has been posted for your benefit). 500 (ex)

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