Question: Submit Assignment for Grading Transaction Analysis Galle Inc. entered into the following transactions during January. a. Borrowed $150,000 from First 5 treet Bank by signing

Submit Assignment for Grading
 Submit Assignment for Grading Transaction Analysis Galle Inc. entered into the
following transactions during January. a. Borrowed $150,000 from First 5 treet Bank

Transaction Analysis Galle Inc. entered into the following transactions during January. a. Borrowed $150,000 from First 5 treet Bank by signing a note payable. b. Purchased $25,000 of equipment for cash. c. Paid $1,250 to landiord for rent for January. d. Performed services for eustomers on account, $10,000. c. Coliected $3,000 from customers for services performed in Transaction d. f. Paid salaries of $2,500 for the current month. 9. Deciared and paid $1,400 dividend to stockholders. h. Purchased $2,600 of supplies on credit: Required: Show the effect of each transaction using the following model, if an amcunt box does not require an entry, leave it biank. finter decreases in account values as negative numbers. If the effect of a transaction is to increase AND decrease the same item, enter " 0 " since the net effect on the itern is zere. c. Paid $1,250 to landlord for rent for January. d. Performed services for customers on account, $10,000. e. Collected $3,000 from customers for services performed in Transaction d. f. Paid salaries of $2,500 for the current month. g. Declared and paid $1,400 dividend to stockholders. h. Purchased $2,600 of supplies on credit. Required: Show the effect of each transaction using the following model. If an amount box does not require an entry, le numbers. If the effect of a transaction is to increase AND decrease the same item, enter " 0 " since the net eff

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