complete the table by using 2 Data Tables. Given that the balance sheet is at May31,2020.There are options provided for the "Accounts" column in the second attachment , choose the most suitable 4 options among the 9 and write down its debit and credit. 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 transactions.)RequirementsRequirement 1. Journalize the transactions of Haas Consulting, Inc. (Record debits first, then credits. Explanations are not required.)Begin by preparing the journal entry for transaction (a). The business received cash of $9,400 and issued common shares.Data TableJournal EntryAccountsDebitCredit(a)During June 2020, the business completed these transactions.Received cash of $9,400 and issued common shares.а.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.Consulted on the design of a business report, and billed the client for servicesrendered, $2,900.f.Data Tableg.Recorded the following business expenses for the month: paid office rent, $1,400;paid advertising, $500.h.Declared and paid a cash dividend of $2,100.AssetsLiabilitiesShareholders' Equity%3DAccountsCommonRetainedPrintDoneAccounts+ ReceivableSuppliesLandPayableSharesEarnings%3DCash1,3001,45011,8007,5003,5003,550Bal.ChooPrintDoneCheck Answer11Temaining1:15 AM1/26/2021PgUpF11PgDnF12EndPrtScnF8HomeF9F10DIIF6F7F4F5F2F3FI&2$3.45 €TY00%3D

Journal entry: It is also called as book of original entry. All financial transactions occurred in a…

Answered: complete the table by using 2 Data…

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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complete the table by using 2 Data Tables. Given that the balance sheet is at May31,2020.

There are options provided for the "Accounts" column in the second attachment , choose the most suitable 4 options among the 9 and write down its debit and credit.

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 transactions.)
Requirements
Requirement 1. Journalize the transactions of Haas Consulting, Inc. (Record debits first, then credits. Explanations are not required.)
Begin by preparing the journal entry for transaction (a). The business received cash of $9,400 and issued common shares.
Data Table
Journal Entry
Accounts
Debit
Credit
(a)
During June 2020, the business completed these transactions.
Received cash of $9,400 and issued common shares.
а.
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.
Consulted on the design of a business report, and billed the client for services
rendered, $2,900.
f.
Data Table
g.
Recorded the following business expenses for the month: paid office rent, $1,400;
paid advertising, $500.
h.
Declared and paid a cash dividend of $2,100.
Assets
Liabilities
Shareholders' Equity
%3D
Accounts
Common
Retained
Print
Done
Accounts
+ Receivable
Supplies
Land
Payable
Shares
Earnings
%3D
Cash
1,300
1,450
11,800
7,500
3,500
3,550
Bal.
Choo
Print
Done
Check Answer
11
Temaining
1:15 AM
1/26/2021
PgUp
F11
PgDn
F12
End
PrtScn
F8
Home
F9
F10
DII
F6
F7
F4
F5
F2
F3
FI
&
2$
3.
4
5 €
T
Y
00
%3D

Definition Definition Financial statement that provides a snapshot of an organization's financial position at a specific point in time. It summarizes a company's assets, liabilities, and shareholder's equity, detailing what the company owns, what it owes, and what is left over for its owners. The balance sheet serves as a crucial tool to assess the financial health and stability of a company, as well as to help management make informed decisions about its future investments and financial obligations.

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