PARRISH 2-3 Pg. 33 (Second Time Asking) **Please be careful with your answer.  I am asking it AGAIN because the previous person for the $1200 transaction with Fellowship was listed as $1200 and $1700!  So they didn't put the SAME amount for the SAME transaction. 1) Please but the following transaction in the appropriate A=L+SE category.2) State wether they are DR or CR3) Tell me Net Income and how you arrived at that amount.1) Shareholders invested $5000 cash to begin business2) Copymaster bought a copying machine for $15003) Copymaster sold copies to customers for $500 cash4) Copymaster produced copies for Fellowship Corporation, its customer. The total sale amount was $12005) Copymaster paid employees $6006) Copymaster bought supplies for $3007) Copymaster paid rent of $7008) Copymaster paid utilities of $2009) Copymaster bought furniture for $50010) Copymaster had an unpaid balance at the month-end for $100**Calculate Total Assets, Liabilities and Equity and the Net Incom

SWFT Comprehensive Volume 2019
42nd Edition
ISBN:9780357233306
Author:Maloney
Publisher:Maloney
Chapter21: Partnerships
Section: Chapter Questions
Problem 48P
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PARRISH 2-3 Pg. 33 (Second Time Asking)

**Please be careful with your answer.  I am asking it AGAIN because the previous person for the $1200 transaction with Fellowship was listed as $1200 and $1700!  So they didn't put the SAME amount for the SAME transaction.


1) Please but the following transaction in the appropriate A=L+SE category.
2) State wether they are DR or CR
3) Tell me Net Income and how you arrived at that amount.
1) Shareholders invested $5000 cash to begin business
2) Copymaster bought a copying machine for $1500
3) Copymaster sold copies to customers for $500 cash
4) Copymaster produced copies for Fellowship Corporation, its customer. The total sale amount was $1200
5) Copymaster paid employees $600
6) Copymaster bought supplies for $300
7) Copymaster paid rent of $700
8) Copymaster paid utilities of $200
9) Copymaster bought furniture for $500
10) Copymaster had an unpaid balance at the month-end for $100
**Calculate Total Assets, Liabilities and Equity and the Net Incom

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