Indicate basic debit–credit analysis.LO4 Dudley Advertising Ltd had the following transactions during August of the current year. Indicate (a) the basic analysis and (b) the debit–credit analysis. Aug. 1 Issued shares to investors in exchange for $15 000 cash. 4 Paid insurance in advance for 6 months, $1800. 16 Received $9000 from clients for services rendered. 27 Paid secretary $500 salary.
Indicate basic debit–credit analysis.LO4 Dudley Advertising Ltd had the following transactions during August of the current year. Indicate (a) the basic analysis and (b) the debit–credit analysis. Aug. 1 Issued shares to investors in exchange for $15 000 cash. 4 Paid insurance in advance for 6 months, $1800. 16 Received $9000 from clients for services rendered. 27 Paid secretary $500 salary.
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 21EB: Prepare journal entries to record the following transactions: A. December 1, collected balance due...
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- Indicate basic debit–credit analysis.LO4
Dudley Advertising Ltd had the following transactions during August of the current year. Indicate (a) the basic analysis and (b) the debit–credit analysis.
Aug.
1
Issued shares to investors in exchange for $15 000 cash.
4
Paid insurance in advance for 6 months, $1800.
16
Received $9000 from clients for services rendered.
27
Paid secretary $500 salary.
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