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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Is about doing a T-account

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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