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EB15.3.5Discuss how each of the following transactions will affect assets, liabilities, and stockholders’equity, and prove the company’s accounts will still be in balance.A.A company purchased $450 worth of office supplies on credit.B.The company parking lot was plowed after a blizzard. A check for $75 was given to the plow truckoperator.C.$250 was paid on account.D.A customer paid $350 on account.E.Provided services for a customer, $500. The customer asked to be billed.EB16.3.5For each of the following items, indicate whether a debit or a credit applies.A.increase in retained earningsB.decrease in prepaid rentC.increase in dividendsD.decrease in salaries payableE.increase in accounts receivableF.decrease in common stockG.decrease in prepaid insuranceH.decrease in advertising expenseI.decrease in unearned service feesJ.increase in office equipmentEB17.3.5Indicate whether each of the following accounts has a normal debit or credit balance.A.prepaid landscaping expenseB.common stockC.delivery vansD.maintenance expenseE.retained earningsF.office suppliesG.revenue earnedH.accounts payableI.unearned painting revenueJ.interest payable194Chapter 3 Analyzing and Recording TransactionsThis OpenStax book is available for free at
EB18.3.5Krespy Corp. has a cash balance of $7,500 before the following transactions occur:A.received customer payments of $965B.supplies purchased on account $435C.services worth $850 performed, 25% is paid in cash the rest will be billedD.corporation pays $275 for an ad in the newspaperE.bill is received for electricity used $235.F.dividends of $2,500 are distributedWhat is the balance in cash after these transactions are journalized and posted?EB19.3.5A business has the following transactions:How much total revenue does the company have?EB20.3.5Prepare journal entries to record the following transactions.EB21.3.5