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Transaction Analysis and Account Identification Use the numbers to identify which accounts are involved in...

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Accounting

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Transaction Analysis and Account Identification Use the numbers to identify which accounts are involved in the transaction and the letterste identity which account group they are in Also, use [+) to indicate an increase or to indicate a decrease to the account group A Assets Luabilities S. Shareholders Equity D. Dividend Revenue 1 Cash 2 Accounts Receivable 3 Prepaid Rent 4 met Accounts Payable Commons 10 tis Expense 3 Service Revenue unt Ex Stockholders invested $20,000 cash in the business Prepaid Rent for month $2,000 1 2 Purchased equipment on account for 55.000 3 Received $500 in cash for services performed 4 Paid salaries of employees totaling $3,000 5 Declared and paid cash dividend to stockholders 5.500 6 Paid what was owed from above 7 Performed services and billed customer for $500 8 Received and paid electric bill of 5425 9 Collected $200 in cash from accounts receivable 10 Paid $1,500 for one year insurance policy NVIDIAC CE D o - 6

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