The analysis of the first eight transactions of Advanced Accounting Service follows. Describe each transaction. ASSETS LIABILITIES
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ASSETS LIABILITIES + EQUITY Contributed Capital + Retained Earnings Cash Accounts Equipment Receivable AccountsCommon Dividends Service -Salaries Payable Stock Revenue Expense 1 +31,000 +31,000 $31,000 $13,400 $31,000 $13,400 $31,000 $13,400 $31,000 $5,400 $31,000 $5,400 $31,000 $5,400 $31,000 +3,800 +$3,800 +3,800 Ba. $31,000 $3,800 +13,400 +13,400 Ba $31,000 $3,800 + $13,400 4 Ba $31,190$3,610 $13,400 +$3,800 + $3,800 + $3,800 +190 -190 -410 +410 Bal. $30,780$3,610 $13,810 Bal. $22,780 $3,610 13,810 Bal. $23,570+ $3,610 13,810 Bal. $22,070 $3,610 $13,810 6 8,000 8,000 + $3,800 +790 + $4,590 +790 1,500 + $4,590$1,500 1,500
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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