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Where do I get the info to put in the spreadsheet. I do not see it in the text Write a minimum 150-word response to
Where do I get the info to put in the spreadsheet. I do not see it in the text
Writea minimum 150-word response to each of the following scenarios from Exercise E3-1 inFinancial Accounting(p. 132) describing the effect of each transaction on assets, liabilities, and stockholder's equity:
- Selected transactions for Thyme Advertising Company, Inc.
- Issued common stock to investors in exchange for cash received from investors.
- Paid monthly rent.
- Received cash from customers when service was performed.
- Billed customers for services performed.
- Paid dividend to stockholders.
- Incurred advertising expense on account.
- Received cash from customers billed in (4).
- Purchased additional equipment for cash.
- Purchased equipment on account.
Usethe Excelspreadsheet to record your answers andsubmitwith your responses.
Name Section Date ACC290 Week 2 1-May-17 Assets Transaction Cash 1. Increase 2. reduce 3. Increase 4. 5. reduce 6. 7. Increase 8. reduce 9. + Accounts Receivable + Equipment = Liabilities + = Accounts Payable Common + Stock Increase Stockholders' Equity + Revenues Retained Earnings Expenses - Dividends reduce increase increase increase reduce increase reduce reduce increase increase increase 93 Explanation issued stock rent expense service revenue service revenue payed dividend advertising expenseStep by Step Solution
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