Selected transactions for Indigo Corporation during its first month in business are presented below. Sept. 1...
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Selected transactions for Indigo Corporation during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $18,300 cash received from investors. Purchased equipment for $8,540, paying $2,870 in cash and the balance on account. Performed services on account for $18,000. Paid salaries of $1,200. 5. 14 25 Paid $3,030 cash on balance owed for equipment. 30 Paid $830 cash dividend. Your answer is partially correct. Try again. Compiete a tabuler analysis of the September transactions. (Ir a transaction causes a decrease in Assets, Llabliitles or Stockholders' Equlty, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llabity or Equity Item that was reduced. See Ilustration 3-3 for example.) Aasets Llabilities Stockholders' Equity Retained Earnings Cash Accounts Recelvable + Equlpment = Accounts Payable + Common Stock + Revenues Expenses Dividends Sept. 1 18300 18300 Sept. 5 8540 5670 Sept. B 18000 18000 Sept. 14 Sept. 25 Sept. 30 18000 8540 18300 18000 1200 830 Selected transactions for Indigo Corporation during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $18,300 cash received from investors. Purchased equipment for $8,540, paying $2,870 in cash and the balance on account. Performed services on account for $18,000. Paid salaries of $1,200. 5. 14 25 Paid $3,030 cash on balance owed for equipment. 30 Paid $830 cash dividend. Your answer is partially correct. Try again. Compiete a tabuler analysis of the September transactions. (Ir a transaction causes a decrease in Assets, Llabliitles or Stockholders' Equlty, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llabity or Equity Item that was reduced. See Ilustration 3-3 for example.) Aasets Llabilities Stockholders' Equity Retained Earnings Cash Accounts Recelvable + Equlpment = Accounts Payable + Common Stock + Revenues Expenses Dividends Sept. 1 18300 18300 Sept. 5 8540 5670 Sept. B 18000 18000 Sept. 14 Sept. 25 Sept. 30 18000 8540 18300 18000 1200 830
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Assets Liabilities Stockholders Equity Cash Accounts Receivable Equipment Accounts Payable ... View the full answer
Related Book For
Financial Accounting
ISBN: 978-1118334324
9th edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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