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Unformatted text preview: g. Consulted for a Senate candidate and billed the client for services rendered, $3,000. h. Paid the following business expenses for the month: 1. Paid office rent, $900. 2. Paid advertising, $100. i. Sold supplies to another business for $100 cash which was the cost of the supplies. j. Paid cash dividends of $1,500. Requirements: 1. Prepare journal entries for the September transactions. 2. Prepare the income statement of Best Foot Forward, Inc., for the month ended September 20XX. 3. Prepare the entity’s statement of retained earnings for the month ended September 30, 20XX. 4. Prepare the balance sheet at September 30, 20XX....
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This note was uploaded on 02/28/2011 for the course ACCT 3366 taught by Professor Harris during the Spring '11 term at University of Houston.
- Spring '11