Using the information in PB6, determine the amount of revenue and expenses for Mateo’s Maple Syrup for the month of February.

Data from in PB6

Mateo’s Maple Syrup had the following transactions during the month of February, its first month  in business.

Complete the chart to determine the ending balances. As an example, the first transaction has been completed. Note: negative amounts should be indicated with minus signs (–).

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Transaction Common stock sold Amount owed for tax expense Amount owed for insurance expense Syrup sales: cash Syrup sales: credit Dividends paid Collections of credit sales Cash purchase for supplies expenses Cash paid for amounts owed Utility expenses paid Taxes paid Amount Asset $ 3,000 $3,000 1,950 750 13,000 6,000 40 1,700 250 1,600 400 600 ? ? ? ? ? N... ~.~. ? ? ? ? ? $3,000 Liability $0 ? ? ? ? ...... NO ? ? ? ? ? ? $0 = Owner's Equity $3,000 ? ? ? ? 22222 ? ? ? ? ? ? $3,000