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3 Cards in this Set
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ACCT 550 Intermediate Accounting Week 1 Homework Assignment |
ACCT 550 Intermediate AccountingWeek 1 Homework Assignment E3-1 (Transaction Analysis—ServiceCompany) Christine Ewing is a licensedCPA. During the first month of operations of her business (a soleproprietorship), the following events and transactions occurred. April 2 Invested $30,000 cash and equipment valued at $14,000 in the business. 2 Hired a secretary-receptionist at a salary of $290 per week payable monthly. 3 Purchased supplies on account $700. (debit an asset account.) 7 Paid office rent of $600 for the month. "ntprK{2* |
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ACCT 550 Intermediate AccountingWeek 1 Homework Assignment E3-1 (Transaction Analysis—ServiceCompany) Christine Ewing is a licensedCPA. During the first month of operations of her business (a soleproprietorship), the following events and transactions occurred. April 2 Invested $30,000 cash and equipment valued at $14,000 in the business. 2 Hired a secretary-receptionist at a salary of $290 per week payable monthly. 3 Purchased supplies on account $700. (debit an asset account.) 7 Paid office rent of $600 for the month. "ntprK{2* |
ACCT 550 Intermediate Accounting Week 1 Homework Assignment |
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ACCT 550 Intermediate Accounting Week 1 Homework Assignment |
ACCT 550 Intermediate AccountingWeek 1 Homework Assignment E3-1 (Transaction Analysis—ServiceCompany) Christine Ewing is a licensedCPA. During the first month of operations of her business (a soleproprietorship), the following events and transactions occurred. April 2 Invested $30,000 cash and equipment valued at $14,000 in the business. 2 Hired a secretary-receptionist at a salary of $290 per week payable monthly. 3 Purchased supplies on account $700. (debit an asset account.) 7 Paid office rent of $600 for the month. "ntprK{2* |