Swifty Corporation had the following selected transactions.
1. Kim Leppard invested $7,274 cash in the business in exchange for common stock.
2. Paid office rent of $1,382.
3. Performed consulting services and billed a client $6,838.
4. Declared and paid a $873 cash dividend.

Question

11-02-2021
Business

contestada

Swifty Corporation had the following selected transactions.
1. Kim Leppard invested $7,274 cash in the business in exchange for common stock.
2. Paid office rent of $1,382.
3. Performed consulting services and billed a client $6,838.
4. Declared and paid a $873 cash dividend.

Respuesta :

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Answer:

Missing word "Indicate the effect each transaction has on the accounting equation, (Assets = Liabilities + Stockholders' Equity), using plus and minus signs."

Assets = Liabilities + Stockholders' Equity

1. Increase(+) No Effect Increase(+)

2. Decrease(-) No Effect Decrease(+)

3. Increase(+) No Effect Increase(+)

4. Decrease(-) No Effect Decrease(+)

Swifty Corporation had the following selected transactions. 1. Kim Leppard invested $7,274 cash in the business in exchange for common stock. 2. Paid office rent of $1,382. 3. Performed consulting services and billed a client $6,838. 4. Declared and paid a $873 cash dividend.

Respuesta :

Otras preguntas

Swifty Corporation had the following selected transactions.
1. Kim Leppard invested $7,274 cash in the business in exchange for common stock.
2. Paid office rent of $1,382.
3. Performed consulting services and billed a client $6,838.
4. Declared and paid a $873 cash dividend.