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Malyzing Transactions Luis Madero, after wocking for several years with a large public accounting firm, dedided to open his own accounting serwce. The busineas is operated as a corporation under the name Madero Accounting Services. The following captions and amounts summarize Madero's balance sheet at July 31. The following events occurred duning August. a. Issued common stock to Ms. Garriz in exchange for $15,000 cash. b. Paid \$sSo for first montb's rent on office space. c. Purchased supples of $2,250 cn credit. d. Barrowed $8,000 from the bank. e. Paid $1,080 on account for supplles purchased earlier on credit. t. Paid secretary's salary for August of $2,150. 9. Performed sccounting services for clients who paid eash upon completion of the service in the total amount of $4,700 h. Used $3,180 of the supplies on hand. 4. Performed accounting services for dients on credit in the total amouns ot \$1,920. 1. phurchased $500 in supplies for cash. k. Collected $1,290 cash from cilents for whom servkes were performed on credt. L. Paid $1,000 dividend to stockholders. blank. Enter decreases in account values as negative numbers. 2. Prepare the trial balance at August 31 . If an amount box does not require an entry, leave it blank. Madero Accounting Services Trial Balance August 31

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