On August 1, 2018, Brooke Kline established Western Realty. Brooke completed the following transactions during the month of August: A. Opened a business bank account with a deposit of $35,000 in exchange for common stock. B. Purchased supplies on account, $2,750. C. Paid creditor on account, $1,800. D. Earned sales commissions, receiving cash, $52,800. E. Paid rent on office and equipment for the month, $4,500. F. Paid dividends, $3,000. G. Paid automobile expenses for month, $1,100, and miscellaneous expenses, $1,200. H. Paid office salaries, $5,250. I. Determined that the cost of supplies on hand was $1,750; therefore, the cost of supplies used was $1,000. With this information being used, I need to make an accounting equation grid?
On August 1, 2018, Brooke Kline established Western Realty. Brooke completed the following transactions during the month of August: A. Opened a business bank account with a deposit of $35,000 in exchange for common stock. B. Purchased supplies on account, $2,750. C. Paid creditor on account, $1,800. D. Earned sales commissions, receiving cash, $52,800. E. Paid rent on office and equipment for the month, $4,500. F. Paid dividends, $3,000. G. Paid automobile expenses for month, $1,100, and miscellaneous expenses, $1,200. H. Paid office salaries, $5,250. I. Determined that the cost of supplies on hand was $1,750; therefore, the cost of supplies used was $1,000. With this information being used, I need to make an accounting equation grid?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On August 1, 2018, Brooke Kline established Western Realty. Brooke completed the following transactions during the month of August:
| A. | Opened a business bank account with a deposit of $35,000 in exchange for common stock. |
| B. | Purchased supplies on account, $2,750. |
| C. | Paid creditor on account, $1,800. |
| D. | Earned sales commissions, receiving cash, $52,800. |
| E. | Paid rent on office and equipment for the month, $4,500. |
| F. | Paid dividends, $3,000. |
| G. | Paid automobile expenses for month, $1,100, and miscellaneous expenses, $1,200. |
| H. | Paid office salaries, $5,250. |
| I. | Determined that the cost of supplies on hand was $1,750; therefore, the cost of supplies used was $1,000. |
With this information being used, I need to make an
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