"Selected transactions for Bramble Corp. during its first month in business are presented below. Sept. 1 Issued common stock in
exchange for $20,800 cash received from investors. 5 Purchased equipment for $9,480, paying $2,980 in cash and the balance on account. 8 Performed services on account for $20,400. 14 Paid salaries of $3,600. 25 Paid $3 ,440 cash on balance owed for equipment. 30 Paid $840 cash dividend."Complete a tabular analysis of the September transactions.
1 answer:
Answer:
Attached file for space reasons
Explanation:
We will write the accounts horizontally and then, write each movement
at the end of the month we calcualte the totals for each account
As it is quite extensive i uploaded the answer
We can notice teh accounting equation
Assets = Liabiltiies + Equity
39,820 = 3,060 + 36,760
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