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Use the following to answer questions 21 - 27 LIABILITIES & ASSETS STOCKHOLDERS' EQUITY A. Cash F. Accounts Payable B. Accounts Receivable G. Salaries Payable
Use the following to answer questions 21 - 27 LIABILITIES & ASSETS STOCKHOLDERS' EQUITY A. Cash F. Accounts Payable B. Accounts Receivable G. Salaries Payable C. Supplies H. Deferred revenue D. Prepaid advertising | I. Notes Payable E. Equipment J. Retained Earnings INCOME STATEMENT ACCOUNTS K. Service Revenue L. Advertising expense M. Rent Expense 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 February 01 (ex) February 2 February 7 February 14 February 15 February 28 Transaction Paid an Accounts Payable Borrowed from the bank Paid cash for new equipment Received the invoice for advertising, will pay next month Customers paid for services provided for the first two weeks Recorded salaries and wages for the month, will pay later Received cash in advance from customers will provide service later Account Debit Account payable (L-) 500 Cash (A-) AMOUNT $500 100,000 90,000 6,000 25,000 15,000 2,000 Credit February 28 Date FEB 1 ex A 500 21. Feb 2 | 22. Feb 7 23. Feb 14 24. Feb 15 25. Feb 28 26. Feb 28 Cash T a 27. $ If January 31st cash was $6,000, what is the cash balance at the end of the day on 2/28? (Make sure to include the Feb 1 example). the end of the daylon 2yask Thake sure
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