Complete the following chart. Transaction Assets = Liabilities + Shareholders' Equity 1. Owners contributed $28,300 cash....
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Complete the following chart. Transaction Assets = Liabilities + Shareholders' Equity 1. Owners contributed $28,300 cash. 2. Purchased land for $21,200 cash. 3. Borrowed $9,100 cash from bank. 4. Provided services for $7,500 on account. 5. Paid $5,600 cash for expenses. 6. Paid $500 cash dividend to owners. Net effect Assets Liabilities Shareholders' Equity Accounts Recelvable Trans Cash Land Notes Payable Common Stock Reatined Earnings 1. 2. 3. 4. 수 5. 수 수 6. 수 Total Click if you would like to Show Work for this question: Open Show Work Complete the following chart. Transaction Assets = Liabilities + Shareholders' Equity 1. Owners contributed $28,300 cash. 2. Purchased land for $21,200 cash. 3. Borrowed $9,100 cash from bank. 4. Provided services for $7,500 on account. 5. Paid $5,600 cash for expenses. 6. Paid $500 cash dividend to owners. Net effect Assets Liabilities Shareholders' Equity Accounts Recelvable Trans Cash Land Notes Payable Common Stock Reatined Earnings 1. 2. 3. 4. 수 5. 수 수 6. 수 Total Click if you would like to Show Work for this question: Open Show Work
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Chart Assets Liabilities Stockholders equity Trans ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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