Stockholders' Transaction Assets Liabilities + Equity 1. Provide services to customers on account, $1,600. 2. Pay $400 for current month's rent. +$1,600 $0 + +$1,600 3. Hire a new employee, who will be paid $500 at the end of each month. 4. Pay $100 for advertising aired in the current period. 5. Purchase office supplies for $400 cash. 6. Receive cash of $1,000 from customers in (1) above. 7. Obtain a loan from the bank for $7,000. 8. Receive a bill of $200 for utility costs in the current period. 9. Issue common stock for $10,000 cash. 10. Pay $500 to employee in (3) above. Totals +
Stockholders' Transaction Assets Liabilities + Equity 1. Provide services to customers on account, $1,600. 2. Pay $400 for current month's rent. +$1,600 $0 + +$1,600 3. Hire a new employee, who will be paid $500 at the end of each month. 4. Pay $100 for advertising aired in the current period. 5. Purchase office supplies for $400 cash. 6. Receive cash of $1,000 from customers in (1) above. 7. Obtain a loan from the bank for $7,000. 8. Receive a bill of $200 for utility costs in the current period. 9. Issue common stock for $10,000 cash. 10. Pay $500 to employee in (3) above. Totals +
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 16EA: Discuss how each of the following transactions for Watson, International, will affect assets,...
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Below is a list of activities for Purple Cow Incorporated.
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For each activity, indicate the impact on the
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