The Quarantine Corporation began operations in March 2024. The following is a condensed balance sheet as...

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The Quarantine Corporation began operations in March 2024. The following is a condensed balance sheet as of March 31, 2024. The owners did not take any distributions from the business in March. Cash $30,000 Accounts Receivable $5,000 Common Stock $25,000 Retained Earnings $10,000 The following transactions occurred during April, 2024: The company purchased supplies of $10,000 on account. Rent was paid of $3,000 Services were provided and customers paid $17,000. Employees were paid wages of $1,000. Customers with outstanding balances due to Quarantine paid $4,000. The company paid $6,000 towards the balance of their outstanding account. Employees performed a count and $8,000 of supplies were still on hand at the end of April. Adjustment: Quarantine messed up one of the services provided and paid for by Customer X. They refunded their money which was $2,000. Required: Prepare a 10-column worksheet using the Excel template posted on Canvas The Quarantine Corporation began operations in March 2024. The following is a condensed balance sheet as of March 31, 2024. The owners did not take any distributions from the business in March. Cash $30,000 Accounts Receivable $5,000 Common Stock $25,000 Retained Earnings $10,000 The following transactions occurred during April, 2024: The company purchased supplies of $10,000 on account. Rent was paid of $3,000 Services were provided and customers paid $17,000. Employees were paid wages of $1,000. Customers with outstanding balances due to Quarantine paid $4,000. The company paid $6,000 towards the balance of their outstanding account. Employees performed a count and $8,000 of supplies were still on hand at the end of April. Adjustment: Quarantine messed up one of the services provided and paid for by Customer X. They refunded their money which was $2,000. Required: Prepare a 10-column worksheet using the Excel template posted on Canvas

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Here is the 10column worksheet for the transactions in April 2024 for The Qua... View the full answer