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Prepare tabular analysis of transactions for wildhorse co

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Reference no: EM132979517

Wildhorse Co. was started on May 1. A summary of May transactions is presented as follows.

  • Stockholders invested $14,000 cash in the business in exchange for common stock.
  • Purchased equipment for $4,500 cash.
  • 3.Paid $600 cash for May office rent.
  • Paid $600 cash for supplies.
  • Incurred $350 of advertising costs in the Beacon News on account.
  • Received $4,700 in cash from customers for repair service.
  • Declared and paid a $1,400 cash dividend.
  • Paid part-time employee salaries $800.
  • Paid utility bills $130.
  • Performed repair services worth $1,030 on account
  • Collected cash of $110 for services billed in transaction (10).

Problem 1: Prepare a tabular analysis of the transactions. Revenue is called Service Revenue.

Reference no: EM132979517

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