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Assignment Principle of Accounting 1 Selected transactions for Natacha Company during its first month in...

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Accounting

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Assignment Principle of Accounting 1 Selected transactions for Natacha Company during its first month in business are presented below Jan. 3 Invested $15,000 cash in the business in exchange for .ordinary shares Purchased used car for $7,000 cash for use in the 5 .business Purchased supplies on account for $500 7 Billed customers $1,800 for services performed 9 Paid $200 cash for advertising 15 Received 700 cash from customers billed on January 11 19 Paid creditor $300 cash on balance owed 22 Declared and paid a $1,000 cash dividend 27 Instructions: 1/ Journalize the transactions. 2/ Post to the ledger accounts. 3/ Prepare a trial balance on January 31, 2019

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