summarize the May transactions for Linda Repair 1. Stockholders invested $8,400 cash in exchange for common stock. 2. Purchased equipment for $4,200 cash. 3. Paid $336 cash for May office rent. 4. Paid $252 cash for supplies. 5. Incurred $210 advertising costs in the Beacon News on account. 6. Performed repair services for customers for $3,948 cash. 7. Paid a $588 cash dividend. 8. Paid part-time employee salaries of $840. 9. Paid utility bills of $118. 10. Performed repair services worth $924 on account. 11. Collected $100 cash for services billed in transaction Prepare a tabular analysis of transactions. Include margin explanations for any changes in revenues or expenses. Revenue is called service revenue Do not give answer in image formate
summarize the May transactions for Linda Repair 1. Stockholders invested $8,400 cash in exchange for common stock. 2. Purchased equipment for $4,200 cash. 3. Paid $336 cash for May office rent. 4. Paid $252 cash for supplies. 5. Incurred $210 advertising costs in the Beacon News on account. 6. Performed repair services for customers for $3,948 cash. 7. Paid a $588 cash dividend. 8. Paid part-time employee salaries of $840. 9. Paid utility bills of $118. 10. Performed repair services worth $924 on account. 11. Collected $100 cash for services billed in transaction Prepare a tabular analysis of transactions. Include margin explanations for any changes in revenues or expenses. Revenue is called service revenue Do not give answer in image formate
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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summarize the May transactions for Linda Repair
1. Stockholders invested $8,400 cash in exchange for common stock.
2. Purchased equipment for $4,200 cash.
3. Paid $336 cash for May office rent.
4. Paid $252 cash for supplies.
5. Incurred $210 advertising costs in the Beacon News on account.
6. Performed repair services for customers for $3,948 cash.
7. Paid a $588 cash dividend.
8. Paid part-time employee salaries of $840.
9. Paid utility bills of $118.
10. Performed repair services worth $924 on account.
11. Collected $100 cash for services billed in transaction
Prepare a tabular analysis of transactions. Include margin explanations for any changes in revenues or expenses. Revenue is called service revenue
Do not give answer in image formate
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