Where can you go to find each of your answers? January 1-D. Hall, owner, invested $142,750 cash in the company in exchange for common stock. January 2- The company purchased supplies for $2,650 cash. January 3- The company purchased $14,050 of equipment on credit. January 4 - The company received $18,300 cash for services provided to a customer. January 5- The company paid $14,050 cash to settle the payable for the equipment purchased on January 3. January 6- The company billed a customer $4,100 for services provided. Jan. 7- The company paid $2,625 cash for the monthly rent. January 8- The company collected $2,175 cash as partial payment for the account receivable created on January 6. January 9- The company paid $11,700 cash in dividends to the owner (sole shareholder). Income statement $ Balance sheet Balance sheet 142,750 $ 0 $ 142,750 0 $ 0 Balance sheet 14,050 142,750 142,750 *******

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sarza: 6223-A X
Question 1- Ch 02 GL 2-13-Con X
ezto.mheducation.com/ext/map/index.html?_con=con&external browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation.co
GL 2-13 i
ok
k
t
nces
Where can you go to find each of your answers?
January 1-D. Hall, owner, invested $142,750 cash in
the company in exchange for common stock.
January 2- The company purchased supplies for
$2,650 cash.
January 3- The company purchased $14,050 of
equipment on credit.
January 4 - The company received $18,300 cash for
services provided to a customer.
Analyzing and Processing Trans x
January 5- The company paid $14,050 cash to settle
the payable for the equipment purchased on January 3.
January 6- The company billed a customer $4,100 for
services provided.
Jan. 7- The company paid $2,625 cash for the monthly
rent.
January 8- The company collected $2,175 cash as
partial payment for the account receivable created on
January 6.
January 9- The company paid $11,700 cash in
dividends to the owner (sole shareholder).
→
с
$
Income statement Balance sheet Balance sheet
142,750 $
< Balance Sheet
Prev
Saved
Mll
0 $
0
+
1 of 1
M
142,750
15 Impact
HOC
Next
0 $
0
14,050
Balance sheet
C
142,750
142,750
Transcribed Image Text:Sarza: 6223-A X Question 1- Ch 02 GL 2-13-Con X ezto.mheducation.com/ext/map/index.html?_con=con&external browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation.co GL 2-13 i ok k t nces Where can you go to find each of your answers? January 1-D. Hall, owner, invested $142,750 cash in the company in exchange for common stock. January 2- The company purchased supplies for $2,650 cash. January 3- The company purchased $14,050 of equipment on credit. January 4 - The company received $18,300 cash for services provided to a customer. Analyzing and Processing Trans x January 5- The company paid $14,050 cash to settle the payable for the equipment purchased on January 3. January 6- The company billed a customer $4,100 for services provided. Jan. 7- The company paid $2,625 cash for the monthly rent. January 8- The company collected $2,175 cash as partial payment for the account receivable created on January 6. January 9- The company paid $11,700 cash in dividends to the owner (sole shareholder). → с $ Income statement Balance sheet Balance sheet 142,750 $ < Balance Sheet Prev Saved Mll 0 $ 0 + 1 of 1 M 142,750 15 Impact HOC Next 0 $ 0 14,050 Balance sheet C 142,750 142,750
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