Indicate the effect of each transaction and the balances after each transaction, using the tabular headings in
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Question:
Indicate the effect of each transaction and the balances after each transaction, using the tabular headings in the exhibit below. In each transaction row (rows indicated by a letter), you must indicate the math sign (+ or -) in columns affected by the transaction. You will not need to enter math signs in the balance rows (rows indicated by Bal.). Entries of 0 (zero) are not required and will be cleared if entered.
Assets | = Liabilities + | Stockholders’ Equity | |||||||||
Accounts | Common | Sales | Salaries | Rent | Auto | Supplies | Miscellaneous | ||||
Cash | + Supplies | = Payable | + Stock | - Dividends | + Commissions | - Expense | - Expense | - Expense | - Expense | - Expense | |
a. | |||||||||||
b. | |||||||||||
Bal. | - | - | - | - | - | - | |||||
c. | |||||||||||
Bal. | - | - | - | - | - | - | |||||
d. | |||||||||||
Bal. | - | - | - | - | - | - | |||||
e. | |||||||||||
Bal. | - | - | - | - | - | - | |||||
f. | |||||||||||
Bal. | - | - | - | - | - | - | |||||
g. | |||||||||||
Bal. | - | - | - | - | - | - | |||||
h. | |||||||||||
Bal. | - | - | - | - | - | - | |||||
i. | |||||||||||
Bal. |
Related Book For
Financial Accounting
ISBN: 978-1305088436
14th edition
Authors: Carl S. Warren, Jim Reeve, Jonathan Duchac
Posted Date: