Question

The Mendholm Company entered into the following transactions.
a. Performed services on account, $18,500
b. Collected $7,200 from client related to services performed in a
c. Paid $1,500 dividend to stockholders
d. Paid salaries of $3,500 for the current month
Required:
Show the effect of each transaction using the following model:


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  • CreatedSeptember 22, 2015
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