Question: Can anyone help me with this? Transactions a. Opened a business bank account with a deposit of $396,000 in exchange for common stack. b. Purchased
Can anyone help me with this?
Transactions a. Opened a business bank account with a deposit of $396,000 in exchange for common stack. b. Purchased effice supglies on accourk, $2,170. c. Received cash from fees earned for managing rental property, St,030. d. Paid rent on office end equipment for the month, $2,670. c. Paid credicors en account, 5990. f. Billed customers for fees earted for manking rencel propertx \$4,940. 9. Paid automoble expenses for month, 5590 , and miacelaneous expendes, 5300 . h. Paid office salaries, $1,850. 1. Paid dividends, s1, 760 . Required: 1. Indicate the effect of each transaction and the balances after each transaction: For those boses in which no entry is required, lewes the box blank: by dividends and expenses. Transactions a. Opened a business bank account with a deposit of $396,000 in exchange for common stack. b. Purchased effice supglies on accourk, $2,170. c. Received cash from fees earned for managing rental property, St,030. d. Paid rent on office end equipment for the month, $2,670. c. Paid credicors en account, 5990. f. Billed customers for fees earted for manking rencel propertx \$4,940. 9. Paid automoble expenses for month, 5590 , and miacelaneous expendes, 5300 . h. Paid office salaries, $1,850. 1. Paid dividends, s1, 760 . Required: 1. Indicate the effect of each transaction and the balances after each transaction: For those boses in which no entry is required, lewes the box blank: by dividends and expenses
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