During June 2020, the business completed these transactions. a. Received cash of $9,400 and issued common shares. Performed services for a client and received cash of $6,300. Paid $4,500 on accounts payable. d. Purchased supplies on account, $600. 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. b. C. e. f. g. Recorded the following business expenses for the month: paid office rent, $1,400,

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 received 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.
f. Consulted on the design of a business report, and billed the client for services
rendered, $2,900.
g. 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.
h.
Transcribed Image Text: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 received 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. f. Consulted on the design of a business report, and billed the client for services rendered, $2,900. g. 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. h.
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