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Date t. 1 Account Titles and Explanation Cash Common Shares

Date t. 1 Account Titles and Explanation Cash Common Shares

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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What are the debits and credits?
entries in the order presented in the problem.) Date Sept. 1 Sept. 2 V Sept. 5 V Sept. 8 Sept. 12 V Sept. 20 V Sept. 25 V Sept. 27 V Sept. 30 V Account Titles and Explanation Cash Common Shares Rent Expense Cash Equipment Cash Accounts Payable Cash Accounts Receivable Rent Revenue adv Accounts Payable Repairs and Maintenance Expense Cash Accounts Payable Cash Income Tax Expense Cash Dividends Declared Cash eTextbook and Media Debit Credit
Transcribed Image Text:entries in the order presented in the problem.) Date Sept. 1 Sept. 2 V Sept. 5 V Sept. 8 Sept. 12 V Sept. 20 V Sept. 25 V Sept. 27 V Sept. 30 V Account Titles and Explanation Cash Common Shares Rent Expense Cash Equipment Cash Accounts Payable Cash Accounts Receivable Rent Revenue adv Accounts Payable Repairs and Maintenance Expense Cash Accounts Payable Cash Income Tax Expense Cash Dividends Declared Cash eTextbook and Media Debit Credit
Date Sep1 d 5 8 Cash ($ 20,000 1-1700 2200 11100 1-2700 25 14900 27-800 30 400] 8400 Assets + Account Receivable 6500 6500 + Liabilities + Equipment Account + Common + Revenue & Expenses - Dividends Stockholder's Retained - ($ 20,000 9800 9800 = 7600 [4.00] -4900 3100 ملے 006 1600 7600 1-1700 1-400 -2700 -800 -5600 -400 400 No
Transcribed Image Text:Date Sep1 d 5 8 Cash ($ 20,000 1-1700 2200 11100 1-2700 25 14900 27-800 30 400] 8400 Assets + Account Receivable 6500 6500 + Liabilities + Equipment Account + Common + Revenue & Expenses - Dividends Stockholder's Retained - ($ 20,000 9800 9800 = 7600 [4.00] -4900 3100 ملے 006 1600 7600 1-1700 1-400 -2700 -800 -5600 -400 400 No
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