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Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements. October 1 B .
Using the following transactions, record journal entries, create financial statements, and assess the impact of each transaction on the financial statements.
October B Aloan invested $ cash, a $ computer system, and $ of office equipment in the company in exchange for common stock.
october The company paid $ cash for four months' rent. The company's policy is to record prepaid expenses in balance sheet accounts.
october The company purchased $ of computer supplies on credit from Kuhl Office Products.
october The company paid $ cash for one year's premium on a property and liability insurance policy. The company's policy is to record prepaid expenses in balance sheet accounts.
october The company billed Kennedy Leasing $ for services performed in installing a new web server.
October The company paid $ cash for the computer supplies purchased from Kuhl office Products on October
october The company hired Paul Aloan as a parttime assistant.
october The company billed Kennedy Leasing another $ for services performed.
october The company received $ cash from Kennedy Leasing as partial payment on its account.
october The company paid $ cash to repair computer equipment that was damaged when moving it
october The company paid $ cash for advertisements published in the local newspaper.
october The company received $ cash from Kennedy Leasing on its account.
ctober The company billed RST Company $ for services performed.
october The company paid $ cash for Paul Aloan's wages for seven days' work.
ctober The company paid a $ cash dividend.
November The company paid $ cash for mileage expenses.
November The company received $ cash from Potter Corporation for computer services performed.
November The company purchased computer supplies for $ cash from Kuhl office Products.
November The company billed Sanchez Company $ for services performed.
November The company agreed to perform future services for Fox Engineering Company No work has yet been performed.
November The company received $ cash from RST Company as partial payment of the october bill.
November The company paid $ cash for miscellaneous expenses. Hint: Debit Miscellaneous Expense for $
November The company completed work for Fox Engineering Company and sent it a bill for $
November The company sent another bill to RST Company for the pastdue amount of $
November The company paid $ cash for mileage expenses.
November The company paid $ cash for Paul Aloan's wages for days' work.
November The company paid a $ cash dividend.
tableRequirementtableGeneralJournaltableGeneralLedgerTrial Balance,tableIncomeStatementtableSt RetainedEarningsBalance Sheet,tableImpact onEquity
Using the dropdown buttons, select the item that accurately describes the values that either increase or decrease th owner's capital balance.
tableQuick GigsFor Two Months Ended November Retained earnings, October Add: Net income,,Add: Net loss,,Add: Owner investments,,Add: Dividends,,
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