Question: Selected transactions for Grouper Corp, during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $21,300 cash recelved
Selected transactions for Grouper Corp, during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $21,300 cash recelved from investors. 5 Purchated equipment for $9,490, paying $2,990 in cash and the balance on account. 8 Performed services on account for $18,000. 14 Paid salaries of $1,200. 25 Paid $3,370 cashon balance owed for equipment. 30 Paid $560 canh dividend. (a) Complete a tabular analysis of the September transactions. M a transaction causes a decrease in Assets, Llobilities or Stodeholders' Equity, place a negative sign (or porentheses) in front of the amount entered for the particular Asset, Llability or Equity item that was reduced, See lillustration 3.3 for eample.)
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