KIMMEL_Acct_2e_ProblemCSolutions_ch03_P3.1C

Accounting: Tools for Business Decision Making

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(a) TEST PREP INC. Assets Liabilities Stockholders’ Equity Cash + Accounts Receivable + Supplies + Office Equipment = Accounts Payable + Common Stock + Retained Earnings 1. +$12,000 +$12,000 2. –1,400 –$1,400 Rent Expense 3. –4,300 +$4,300 4. +$500 –500 Advertising Expense 5. –700 +$700 6. +1,000 +$5,000
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Unformatted text preview: +6,000 Service Revenue 7. 100 100 Dividends 8. 500 500 9. 3,400 3,400 Salaries Expense 10. +4,000 4,000 $6,600 + $1,000 + $700 + $4,300 = $ + $12,000 + $ 600 $12,600 $12,600 PROBLEM 3-1C 3-1 SOLUTIONS TO PROBLEM 3-2...
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KIMMEL_Acct_2e_ProblemCSolutions_ch03_P3.1C - +6,000...

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