Question: Indicate how the following transaction as an example. the following transactions impact the accounting equation. The first transaction is completed June Stockholder contributed $10,000 of
Indicate how the following transaction as an example. the following transactions impact the accounting equation. The first transaction is completed June Stockholder contributed $10,000 of her personal funds for common stock to start the business. 2 Company purchased equipment for $4,750, paying $750 cash, with the balance due in 30 days. 3 Company paid six months' rent in advance, $6,450. 4 Paid one-year premium on liability insurance, $876. 5 Paid for a newspaper ad, $75. 6 Billed customers for services performed, $2,200 7 Received $855 from a customer for services to be performed in the future. 8 Collected $2,000 on account. 9 Paid $275 for repairs and maintenance on equipment. 10 Billed customers for services performed, $1,500. 11 Paid employee wages, $950. Assets Liabilities Stockholders' Equity
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