Respuesta :
Answer:
a. See attached file.
b. Debit Cash 18,300
Credit Common Stock 18,300
Debit Equipment $8,540
Credit cash $2,870
Credit Accounts payable $5,670
Debit Accounts receivable $20,000
Credit Revenue $20,000
Debit salaries expense $3,200
Credit cash $3,200
Debit accounts payable $3,030
Credit Cash $3,030
Debit Dividends $830
Credit cash $830
c.
Cash
Debit Credit
18,300 2,870
3,200
3,030
830
18,300 9,930
8,370 Ending balance
Equipment
Debit Credit
8,540
Accounts payable
Debit Credit
3,030 5,670
2,640 (ending balance)
Common Stock
Debit Credit
18,300
Revenue
Debit Credit
20,000
Expenses
Debit Credit
3,200
Dividends
Debit Credit
830
Explanation:
a.
1-Sep Issuance of common stock from investor will result to an inflow of cash through the cash invested, So have to recognize cash received and credit common stock
8-Sep Based on matching principle, revenue will be recognized on the date of transaction whether collected or not.
14-Sep Payment of expenses will result to deduction to cash and increase expense account.
30-Sep Dividends is a deduction to Retained earnings