- Below Is A List Of Activities For Blue Angus Incorporated Required For Each Activity Indicate The Impact On The Accoun 1 (35.25 KiB) Viewed 80 times
Below is a list of activities for Blue Angus incorporated Required: For each activity, Indicate the impact on the accoun
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Below is a list of activities for Blue Angus incorporated Required: For each activity, Indicate the impact on the accoun
Below is a list of activities for Blue Angus incorporated Required: For each activity, Indicate the impact on the accounting equation. After doing so for all transactions, ensure that the accounting equation remains in balance The first item is provided as an example (Decreases to account classifications should be entered as a negative) Assets Liabilities Stockholders Equity S 1,750 S 1.750 S 0 Transaction 1. Provide services to customers on account. 51,750, 2 Pay $300 for current month's ront. 3. Hiro a new employee, who will be paid $650 at the end of each month. 4. Pay 5100 for advertising aired in the current period 5. Purchase office supplies for $300 cash 6. Receive cash of $1,150 from customers in (1) above ces 7. Obtain a loan from the bank for $8.500 B. Receive a bill of $450 for it costs in the current period 9 Issue common stock for $11,500 cash 10. Pay S850 to employee in (3) above Totals