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ACCT 504 Case Study 1 (Gordon Construction) http://www.snaptutorial.com/ACCT-504/ACCT-504-Case-Study-1-(Gordon-Construction) Case Study 1 (Part A) Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books; construct and use a trial balance) During the first month of operation of Gordon Construction, Inc., completed the following transactions:June2Gordon received $55,000 cash and issued common stock to the stockholders.3 Purchased supplies, $3,000, and equipment, $5,200, on account.4 Performed services for a client and received cash, $6,300.7 Paid cash to acquire land, $37,000.11 Performed services for a customer and billed the customer, $1,200. Johnson expects to collect within one month.16 Paid partial for the equipment purchased June 3 on account $2,800.17 Paid the telephone bill, $230.18 Received partial payment from customer on account, $700.22 Paid the water and electricity bills, $400.29 Received $5,000 cash for repairing the pipes of a customer.30 Paid employee salary, $4,300.30 Declared and paid dividends of $3,000.u25b8
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