For August 2021 a. Issued common stock for $15,000 b. Purchased supplies of $2,250 on credit c. Borrowed $8,000 from a bank (received in cash) d. Paid secretary's salary for August for $2,150 e. Paid $1,000 dividend to stockholders f. Purchased $500 in supplies for cash 1. Prepare a trial balance statement from the above information. Can you show formulas for cash and supplies totals in excel?

Name: For August 2021 a. Issued common stock for $15,000 b. Purchased
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Description: For August 2021 a. Issued common stock for $15,000 b. Purchased supplies of $2,250 on credit c. Borrowed $8,000 from a bank (received in cash) d. Paid secretary's salary for August for $2,150 e. Paid $1,000 dividend to stockholde

Trial balance :— It is the statement that shows the list of final ending balance of all ledger…

Answered: For August 2021 a. Issued common…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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For August 2021
a. Issued common stock for $15,000
b. Purchased supplies of $2,250 on credit
c. Borrowed $8,000 from a bank (received in cash)
d. Paid secretary's salary for August for $2,150
e. Paid $1,000 dividend to stockholders
f. Purchased $500 in supplies for cash

1. Prepare a trial balance statement from the above information. Can you show formulas for cash and supplies totals in excel?

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