Jun. Jun. 5 Jun. 9 Jun. 14 Jun. 18 Jun. 21 Jun. 25 Jun. 28 Parker opened an accounting firm by c buting fair market value of $5,300 in exchange for common stock Paid monthly rent of $1,300 Purchased office supplies on account, $600 Paid employee's salary, $1,900 Received arbill for utilities to be paid next month, $370 Paid $500 of the accounts payable created on June 9 Performed accounting services on account, $5,700. Paid cash dividends of $6,700.
Jun. Jun. 5 Jun. 9 Jun. 14 Jun. 18 Jun. 21 Jun. 25 Jun. 28 Parker opened an accounting firm by c buting fair market value of $5,300 in exchange for common stock Paid monthly rent of $1,300 Purchased office supplies on account, $600 Paid employee's salary, $1,900 Received arbill for utilities to be paid next month, $370 Paid $500 of the accounts payable created on June 9 Performed accounting services on account, $5,700. Paid cash dividends of $6,700.
Chapter5: Operating Activities: Purchases And Cash Payments
Section: Chapter Questions
Problem 4.5C
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