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Chapter 2 Transactions Analysis Excel Worksheets

Chapter 2 Transactions Analysis Excel Worksheets - Stock...

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5771f3fe2a7fac722c138ec68ce3f5ca7f0acbcd.xls Analyzing transactions Transactions for ABC Consulting for May. 1 2 On May 3, ABC Consulting, pays $1,000 cash for supplies. 3 May 5, ABC Consulting purchased Equipment for $1,500 on account. 4 May 10, ABC Consulting provided consulting services and received $5,000 cash. 5 May 15, ABC Consulting paid rent of $2,500 for office space for May. 6 7 May 23, ABC Consulting provided consulting services for $2,000 on account. 8 9 May 30, ABC Consulting paid salaries of $1,200 to its employees 10 May 31, ABC Consulting paid $ 500 Dividends to its stockholder Mr. ABC May 1, Mr. Smith invests $25,000 cash in ABC Consulting, in exchange of Common
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Unformatted text preview: Stock. May 20, ABC Consulting paid $ 600 in partial settlement of the purchase of equipment on account May 26,ABC Consulting received $ 1,500 as payment from the receivable created on May 23. JOURNAL PAGE DATE DESCRIPTION PREF DEBIT CREDIT May 1 1 May 3 2 May 5 3 May 10 4 May 15 5 May 20 6 May 23 7 May 26 8 May 30 9 May 31 10 Cash Common Stock Equipment Consulting Revenue Supplies Dividends Accounts Receivable Accounts Payable Salaries Expense Rent Expense ABC Consulting Trial Balance May 31, 2… Debit Credit Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Dividends Consulting Revenue Rent Expense Salaries Expense...
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