A3 Using the following categories, indicate the effects of the following transactions.Note: Enter negative amounts with a minus sign.a. Sales on account were $1,800 and related cost of goods sold was $1,200.b. Issued 5,000 shares of $1 par value stock for $60,000 cash.Eventa.8.b.b.AssetsAccounts receivableCash1,800→60,000 -> Answer is not complete.LiabilitiesStockholders' EquityCommon stockAdditional paid-in-capital5.00065.000

Name: A3 Using the following categories, indicate the effects of the followi
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Description: A3 Using the following categories, indicate the effects of the following transactions.Note: Enter negative amounts with a minus sign.a. Sales on account were $1,800 and related cost of goods sold was $1,200.b. Issued 5,000 shares of $1 par value stoc

Accounting equation means the relation between the assets , liabilities and owner equity. Assets…

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Using the following categories, indicate the effects of the following transactions. Note: Enter negative amounts with a minus sign. a. Sales on account were $1,800 and related cost of goods sold was $1,200. b. Issued 5,000 shares of $1 per value stock for $60,000 cash. Event a. b. b. Assets Accounts receivable Cash 1,800 ●€0,000 - Answer is not complete. Stockholders' Equity Common stock Additional paid in capita 5.000 55.000

Using the following categories, indicate the effects of the following transactions. Note: Enter negative amounts with a minus sign. a. Sales on account were $1,800 and related cost of goods sold was $1,200. b. Issued 5,000 shares of $1 per value stock for $60,000 cash. Event a. b. b. Assets Accounts receivable Cash 1,800 ●€0,000 - Answer is not complete. Stockholders' Equity Common stock Additional paid in capita 5.000 55.000

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter2: The Basics Of Record Keeping And Financial Statement Preparation: Balance Sheet

Section: Chapter Questions

Problem 17P

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Required: Using the following categories, Indicate the effects of the following transactions. Indicate the accounts affected and the amounts. (Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.) a. During the period, customer balances are written off in the amount of $11,800. b. At the end of the period, bad debt expense is estimated to be $9,800. 3. Assets Liabilities Stockholders' Equity
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