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Use the following to answer questions 21-27 A. Cash ASSETS B. Accounts Receivable C. Supplies D. Prepaid advertising E. Equipment LIABILITIES & STOCKHOLDERS' EQUITY
Use the following to answer questions 21-27 A. Cash ASSETS B. Accounts Receivable C. Supplies D. Prepaid advertising E. Equipment LIABILITIES & STOCKHOLDERS' EQUITY F. Accounts Payable G. Salaries Payable H. Deferred revenue 1. Notes Payable J. Retained Earnings INCOME STATEMENT ACCOUNTS K. Service Revenue L. Advertising expense M. Rent Expense N. Salaries/Wage expense O. Utilities expense February 1" 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 February 2 February 7 February 14 February 15 Collected from customers the amount they owed for services provided last month Purchased equipment by signing a note payable Paid a deposit for advertising in next month's trade magazine Invoiced customers for the services provided for the first two weeks of the month February 28 Paid rent for the month February 28 Paid salaries and wages for the month AMOUNT $1,200 16,000 125,000 2,500 16,000 4,000 13,500
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