The Business transactions during December are presented as follows: 1.Gray invests 30 000 $ to...
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Accounting
The Business transactions during December are presented as follows: 1.Gray invests 30 000 $ to begin Larsons Accounting Company . 2. Company received cash from clients for services, $4,500 3. Paid office rent for the month of December, $750, 4. Company billed client for accounting services on account, $5,200 5. Supplies were purchased on account, $650, 6. Company received cash from clients billed previously, $1200 7. Larson received an invoice for office equipment repair services from Office Extra for December (the Invoice will be paid next month), $850, 8. Larson paid monthly salaries, $2,700, 9. Utilities expense were paid, $280, 10. Insurance expense were paid, $350, 11. Dividends were paid, $550. - Prepare : 1- The accounting equation, T-Account, Journal, Ledger. Trial balance 2- Net income statement, Retained earnings, Balance sheet
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