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Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.) Assets Liabilities Stockholders' Equity Retained Earnings Cash + Accounts Receivable + Equipment = Accounts Payable + Common Stock + Revenues Expenses - Dividends Sept. 1 Sept. 5 Sept. 8 Sept. 14 Sept. 25 Sept. 30

Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.) Assets Liabilities Stockholders' Equity Retained Earnings Cash + Accounts Receivable + Equipment = Accounts Payable + Common Stock + Revenues Expenses - Dividends Sept. 1 Sept. 5 Sept. 8 Sept. 14 Sept. 25 Sept. 30

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter11: Stockholders' Equity
Section: Chapter Questions
Problem 11.6AP
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Selected transactions for Concord Corporation during its first month in business are presented below.

Sept. 1   Issued common stock in exchange for $18,200 cash received from investors.
5   Purchased equipment for $8,670, paying $2,550 in cash and the balance on account.
8   Performed services on account for $19,700.
14   Paid salaries of $2,900.
25   Paid $2,900 cash on balance owed for equipment.
30   Paid $520 cash dividend.

Complete a tabular analysis of the September transactions. For transactions affecting stockholders’ equity, provide explanations in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.) 

Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.) Assets Liabilities Stockholders' Equity Retained Earnings Cash + Accounts Receivable + Equipment = Accounts Payable + Common Stock + Revenues Expenses - Dividends Sept. 1 Sept. 5 Sept. 8 Sept. 14 Sept. 25 Sept. 30
Transcribed Image Text:Complete a tabular analysis of the September transactions. For transactions affecting stockholders' equity, provide explanations in the far right column. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-4 for example.) Assets Liabilities Stockholders' Equity Retained Earnings Cash + Accounts Receivable + Equipment = Accounts Payable + Common Stock + Revenues Expenses - Dividends Sept. 1 Sept. 5 Sept. 8 Sept. 14 Sept. 25 Sept. 30
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