Question

Upton Corporation has the following transactions during August of the current year. Indicate (a) the basic analysis and (b) the debit–credit analysis illustrated on pages 121–126.
Aug. 1. Issues shares of common stock to investors in exchange for$10,000.
4. Pays insurance in advance for 3 months, $1,500.
16. Receives $900 from clients for services rendered.
27. pays the secretary $620 salary.



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  • CreatedApril 07, 2014
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