Question: show calculations and intermediate work and answer like the example QUESTION 3 20 points Se Daniel decides to open a pizza parlor that will operate

show calculations and intermediate work and answer like the example
show calculations and intermediate work and answer like the example QUESTION 3

QUESTION 3 20 points Se Daniel decides to open a pizza parlor that will operate as a corporation. Analyze the following transactions for the month of June in terms of their effect on any of the items listed below: A). Cash. B). Accounts Receivable. C). Supplies. D), Equipment. E) Accounts Payable. F). Common Stock. G) Retained Earnings. You should only use the accounts listed above and show transction effects (increase or decrease) and amounts of the effects. (Hint follow the example of transaction 1 below) Transactions: 1. Daniel invests $25,000 cash in exchange for common stock to start a pizza parlor business on June 1 For Example: Cash +25,000; Common Stock +25,000 2. Purchased equipment for $4,000 paying $2.000 in cash and the remainder due in 30 days. 3. Purchased supplies for $1.200 cash. 4. Received a bill from Dallas News for $200 for advertising in the newspaper, but not paid yet. 5. Cash receipts from customers for pizza sales amounted to $1,500. 6. Paid salaries of $200 to student workers. 7. Delivered Tiger Football Team pizzas worth $300, but not got paid yet. 8. Paid $200 to Dallas News for advertising that was previously billed in Transaction 4. 9. Paid dividends of $1,200. 10. Incurred utility expenses for month on account (haven't paid yet), $100. the toolbar press ALT+F10 (PC) or ALT+FN+F10 (Mac)

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