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1. prepare the journal entries that served as the sources for the seven transaction. Include an explanation for each entry. Determine the ending balance in each account. The Acme moves into the next., How much cash does the business have? How much acme oew and total liabilities

The first seven transactions of Acme Advertising, Inc., have been posted to the company's accounts: B (Click the icon to view the accounts.) Requirement 1. Prepare the journal entries that served as the sources for the seven transactions. Include an explanation for each entry, Determine business have? How much does Acme owe in total liabilities? Begin by recording the journal entries; start with transaction (1). (Record debits first, then credits. Select the explanation on the last line Journal Entry Accounts and Explanations Debit Credit 1. Now record the journal entry for transaction (2). Journal Entry Accounts and Explanations Debit Credit 2 Calculator The first seven transactions of Acme Advertising, Inc., have been posted to the company's accounts: (Click the icon to view the accounts.) Requirement 1. Prepare the journal entries that served as the sources for the seven transactions. Include an explanation for each entry business have? How much does Acme owe in total liabilities? Now record the journal entry for transaction (3). Journal Entry Accounts and Explanations Debit Credit 3. Now record the journal entry for transaction (4) Journal Entry Accounts and Explanations Debit Credit Al Requirement 1. Prepare the journal entries that served as the sources for the seven transactions. Include an explanation for each business have? How much does Acme owe in total liabilities? NOW recura une journal envy or uansaction (5). Journal Entry Accounts and Explanations Debit Credit 5. Now, record the journal entry for transaction (6). Journal Entry Accounts and Explanations Debit Credit 6 . Finally, record the journal entry for transaction (7) Requirement 1. Prepare the journal entries that served as the sources for the seven transactions. Include an explanation for each entry. Determine the ending bu business have? How much does Acme owe in total liabilities? Finally, record the journal entry for transaction (7). Journal Entry Accounts and Explanations Debit Credit 7 Determine the ending balance in each account. (Select the "Bal" label and enter each account balance on the correct side of the account.) Cash Supplies Land (1) 9.100 (4) 10,000 (6) 230 (3) 300 (5) 95 (4) Equipment (7) 3,800 40,000 (2) 8,500 (5) 95 3,800 Accounts Payable Notes Payable Common Stock Calculator 1. Prepare the journal entries that served as the sources for the seven transactions. Include an explanation for each entry. business have? How much does Acme owe in total liabilities? Determine the ending balance in each account. (Select the "Bal" label and enter each account balance on the correct side of the Cash Supplies Land (3) Equipmen 3,800 300 (5) 95 (4) 40,000 (7) (1) 9,100 (2) 8,500 (5) 95 (4) 10,000 (6) 230 (7) 3,800 Accounts Payable 230 (3) Common Stock ) (6) Notes Payable (2) 300 (1) 9,100 8,500 30,000 As Acme moves into the next period, how much cash does the business have? A The company's cash balance is How much does Acme owe in total liabilities? The company owes Data table Cash Supplies Land Equipment 300 (5) 95 (4) 40,000 (7) 3,800 (1) (2) (5) 9,100 (4) 10,000 (3) 8,500 (6) 230 3,800 95 (7) Common Stock Accounts Payable 230|(3) (6) 300 Notes Payable (2) 8,500 (4) 30,000 (1) 9,100 Print Done

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