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nikdorinn [45]
3 years ago
13

Prepare journal entries for each transaction and identify the financial statement impact of each entry. The financial statements

are automatically generated based on the journal entries recorded. Jan. 1 Kacy Spade, owner, invested $100,750 cash in the company in exchange for common stock. Jan. 2 The company purchased office supplies for $1,250 cash. Jan. 3 The company purchased $10,050 of office equipment on credit. Jan. 4 The company received $15,500 cash as fees for services provided to a customer. Jan. 5 The company paid $10,050 cash to settle the payable for the office equipment purchased on January 3. Jan. 6 The company billed a customer $2,700 as fees for services provided. Jan. 7 The company paid $1,225 cash for the monthly rent. Jan. 8 The company collected $1,125 cash as partial payment for the account receivable created on January 6. Jan. 9 The company paid $10,000 cash in dividends to the owner (sole shareholder).

Business
1 answer:
Vikki [24]3 years ago
4 0

Answer:

See explanation

Explanation:

See the image below

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How much time after selling a house do you have to buy a house to avoid the tax penalty?.
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7 0
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As a manager for your company some of your responsibilities include measuring metrics and overseeing company strategies. You obs
Ilya [14]

Answer:

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Explanation

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Which of the following statements is accurate? Group of answer choices A cost-leadership competitive strategy increases the thre
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Answer:

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Explanation:

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