Question

Required
Record each of the following Fred Co. events in T-accounts, and then explain how the event affects the accounting equation:
a. Received $20,000 cash by issuing common stock.
b. Purchased supplies for $1,000 cash.
c. Purchased land for $10,000 cash.
d. Performed services for $3,200 cash.


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  • CreatedApril 20, 2015
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