Assets Liabilities Shareholders' Equity Accounts Accounts Common Retained Cash + Receivable + Supplies + Land Payable Shares Earnings +] Bal. 1,300 1,450 11,800 7,500 3,500 3,550 Print Done Data Table During June 2020, the business completed these transactions. a. Received cash of $9,400 and issued common shares. b. Performed services for a client and recelved cash of $6,300. c. Paid $4,500 on accounts payable. d. Purchased supplies on account, $600. e. Collected cash from a customer on account, $500. Consulted on the design of a business report, and billed the client for services rendered, $2,900. f. g. Recorded the following business expenses for the month: paid office rent, $1,400; paid advertising, $500. h. Deciared and paid a cash dividend of $2,100.
Assets Liabilities Shareholders' Equity Accounts Accounts Common Retained Cash + Receivable + Supplies + Land Payable Shares Earnings +] Bal. 1,300 1,450 11,800 7,500 3,500 3,550 Print Done Data Table During June 2020, the business completed these transactions. a. Received cash of $9,400 and issued common shares. b. Performed services for a client and recelved cash of $6,300. c. Paid $4,500 on accounts payable. d. Purchased supplies on account, $600. e. Collected cash from a customer on account, $500. Consulted on the design of a business report, and billed the client for services rendered, $2,900. f. g. Recorded the following business expenses for the month: paid office rent, $1,400; paid advertising, $500. h. Deciared and paid a cash dividend of $2,100.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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