Chapter 1 Transaction Analysis Worsheets

Chapter 1 Transaction Analysis Worsheets - 7 Scott Company...

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SCOTT COMPANY TRANSACTIONS FOR THE MONTH OF DECEMBER 31, 2007 1. Scott invests $ 20,000 Cash to start a business Scott Company in exchange of Stock. 2. Scott Company purchased supplies paying $1,000 cash. 3. Scott Company purchased Computers and other Equipment for $ 15,000 paying cash. 4. Scott Company purchased Supplies of $200 and Equipment of $1,000 on account. 5. Scott Company Borrowed $4,000 from the Best Bank of Athens. 6. Scott Company provided consulting services receiving $3,000 cash.
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Unformatted text preview: 7. Scott Company paid salaries of $800 to its employees. 8. Scott Company paid dividends of $500 to Scott it’s Owner/Shareholder SCOTT COMPANY TRANSACTION ANALYSIS FOR THE MONTH OF DECEMBER 31, 2007 ASSETS = LIABLITIES + EQUITY No. CASH + SUPPLIES + EQUIPMENT = + +- DIVIDEND + REVENUE- EXPENSE 1 2 3 4 5 6 7 8 $0 + $0 + $0 = $0 $0 + $0 -$0 + $0 $0 $0 = $0 ACCOUNTS PAYABLE NOTES PAYABLE COMMON STOCK + +...
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This note was uploaded on 04/01/2008 for the course ACCT 2101 taught by Professor Bhan during the Fall '07 term at UGA.

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Chapter 1 Transaction Analysis Worsheets - 7 Scott Company...

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