Question: Prepare a tabular analysis of the transactions. Include margin explanations for any changes in revenues or expenses. Revenue is called Service Revenue. (If a transaction

 Prepare a tabular analysis of the transactions. Include margin explanations for Prepare a tabular analysis of the transactions. Include margin explanations for any changes in revenues or expenses. Revenue is called Service Revenue. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)

BARBARA REPAIR INC.

Assets

=

Liabilities

+

Stockholders' Equity

Retained Earnings

Cash

+

Accounts Receivable

+

Supplies

+

Equipment

=

Accounts Payable

+

Common Stock

+

Revenues

Expenses

Dividends

1.

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2.

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3.

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4.

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5.

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6.

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7.

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8.

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9.

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10.

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11.

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Barbara Repair Inc. was started on May 1. A summary of May transactions is presented below. 1. 2. 3. 4. 5. 6. Stockholders invested $8,600 cash in the business in exchange for common stock. Purchased equipment for $4,300 cash. Paid $344 cash for May office rent. Paid $258 cash for supplies. Incurred $215 of advertising costs in the Beacon News on account. Performed repair services for customer for $4,042 cash. Paid a $602 cash dividend. Paid part-time employee salaries $860. Paid utility bills $121. Performed repair services worth $946 on account. Collected cash of $102 for services billed in transaction (10). 8. 9. 10. 11

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