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Title: E2-2 Selected transactions for D. Reyes, Inc., an interior decorating firm, in its first month of business.

Question Details
Q:
Jan. 2 Invested $10,000 cash in the business in exchange for common stock. 3 Purchased used car for $4,000 cash for use in business. 9 Purchased supplies on account for $500.   11 Billed customers $1,800 for services performed. 16 Paid $200 cash for advertising.     20 Received $700 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Declared and paid a $1,000 cash dividend. Instructions     For each transaction indicate the following.  

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Title: E2-2 Selected transactions for D. Reyes, Inc., an interior decorating firm, in its first month of business.

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    • Posted Date: Apr 30, 2012 at 4:03:29 PM

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A:
...) The basic type of account debited and credited (asset, liability, stockholders’ equity). &n...

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2009-06-26_190211_Vork.xls  (23K)

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