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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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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-34A (alt 3) Data Table The following amounts summarize the financial position of Haas Consulting, Inc. on May 31, 2020. (Click the icon to view the May 31, 2020, financial position.) (Click the icon to view the transa Requirements Assets Liabilities Shareholders' Equity %3D checked your work and then, move to the next step.) Accounts Accounts Common Retained Cash + Receivable + Supplies Land Payable Cash Common Shares %3D Shares Earnings Bal. 1,300 1,450 11,800 7,500 3,500 3,550 Bal. 1,300 (c) 4,500 Bal. 3,500 (a) 9,400 (a) 9,400 Print Done (b) 6,300 i Data Table Service Revenue Accounts Payable During June 2020, the business completed these transactions. (b) 6,300 (c) 4,500 Bal 7,500 a. Received cash of $9,400 and issued common shares. b.- Performed services for a client and received cash of $6,300. с. Paid $4,500 on accounts payable. d. Purchased supplies on account, $600 е. Collected cash from a customer on account, $500. Supplies Consulted on the design of a business report, and billed the client for services rendered, $2,900. Accounts Receivable f. Recorded the following business expenses for the month: paid office rent, $1,400; paid advertising, $500. Declared and paid a cash dividend of $2,100. g. h. Choose from any list or enter any number in the input fields and then click Check Answer. Done Print Clear A 2 parts remaining 4:19 PM
Transcribed Image Text:-34A (alt 3) Data Table The following amounts summarize the financial position of Haas Consulting, Inc. on May 31, 2020. (Click the icon to view the May 31, 2020, financial position.) (Click the icon to view the transa Requirements Assets Liabilities Shareholders' Equity %3D checked your work and then, move to the next step.) Accounts Accounts Common Retained Cash + Receivable + Supplies Land Payable Cash Common Shares %3D Shares Earnings Bal. 1,300 1,450 11,800 7,500 3,500 3,550 Bal. 1,300 (c) 4,500 Bal. 3,500 (a) 9,400 (a) 9,400 Print Done (b) 6,300 i Data Table Service Revenue Accounts Payable During June 2020, the business completed these transactions. (b) 6,300 (c) 4,500 Bal 7,500 a. Received cash of $9,400 and issued common shares. b.- Performed services for a client and received cash of $6,300. с. Paid $4,500 on accounts payable. d. Purchased supplies on account, $600 е. Collected cash from a customer on account, $500. Supplies Consulted on the design of a business report, and billed the client for services rendered, $2,900. Accounts Receivable f. Recorded the following business expenses for the month: paid office rent, $1,400; paid advertising, $500. Declared and paid a cash dividend of $2,100. g. h. Choose from any list or enter any number in the input fields and then click Check Answer. Done Print Clear A 2 parts remaining 4:19 PM
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