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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Accounting

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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