ACCT 504 MART Education Planning--acct504mart.com
FOR MORE CLASSES VISIT www.acct504mart.com 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
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