Question: Some is wrong the red section Kimmel, Accounting, 6e Hele I Svstem Announcements Exercise 3-14 (Part Level Submission) Selected transactions for Pronghorn Corp during its

Some is wrong the red section  Some is wrong the red section Kimmel, Accounting, 6e Hele I
Svstem Announcements Exercise 3-14 (Part Level Submission) Selected transactions for Pronghorn Corp

Kimmel, Accounting, 6e Hele I Svstem Announcements Exercise 3-14 (Part Level Submission) Selected transactions for Pronghorn Corp during its first month in business are presented below Sept. I ssued common stock in exchange for $20,200 cash received from investors 5 Purchased equipment for $8,580, paying $3,810 in cash and the balance on account 8 Performed services on account for $1.8,000. 14 Paid salaries of $1,200 25 Paid $3,150 cash on balance owed for equipment Paid $800 cash dividend. (a) Complete a tabular analysis of the September transactions.(2t a reduced. See illustration 3-3 for example,) transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or Stockholders Equity Retained Earnings Cash Accounts Receivable+ Equipment Accounts Payable+Common Stock RevenvesExpenses Dividends Sept. 3 Sept. 5 Sepr. 8 20200 3800 Sept. 25 3150 3150 ept. 30 Cb) Exercise 3-14 (Part Level Submission) Selected transactions for Pronghoe Cors during ts first month in business are presenbed below Sagt. 1 ssued common stock in exchange for $20,200 cash received from investers s Purchased equipment for 8,580 paying $3,810 in cash and the balance on account 8 Perforned services on account for $18,000 or $1.200 25 0 Paid $800 cash aviden belance owed for equipment Y Ca) Your anseer is partaly cerrect Try a Comglete a tabular analys of the September ranations (2f a transactien causes a decrease in Assecs, Liabties or Stockholders Sept 1 Sapt. 5 Sept. 14 ept. 25 Sept. 30 45

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