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what affects do these transactions have on equity Transaction March 1) Kelley invested $180,000 cash along with $23,000 iri Office equipment in the company in
what affects do these transactions have on equity
Transaction March 1) Kelley invested $180,000 cash along with $23,000 iri Office equipment in the company in exchange for common stock March 2) The company prepaid $10,000 cash for six months" rent for an office. The company's policy is to record prepaid expenses in balance sheet accounts. March 3) The company made credit purchases of office equipmentfor $4,000 and office supplies for $2,200. due within 10 days: March 6) The company completed services for a client and immediately received $5,000 cash. March 9) The company completed a $8,500 project for a client/ who must pay within 30 days. March 12b The company paid $6,200 cash to settle the aptdunt ayable created on March. March 49) Thecompany paid $6,000 caslTfor the premum on' an-month insurance policy3The company's policy is to: recorf prepaid expensinbalancesheet accounts. Mar-22) The companyreCeived $5,100 cash as partial payment for the workcompleted on March 9. Mar,25) The companyzompleted work for another clien\ fpi $4,900 on credit. March 29) Thecompany paid $5,300 cash in dividends! on ,Equity Irtlled equi tockh01der investment D equity) expense Decreape
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