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  3. transactions a. the company started as a corporati

Transactions a. The company started as a corporation with a $13,450 cash contribution from the...

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Accounting

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Transactions a. The company started as a corporation with a $13,450 cash contribution from the owners in exchange for common stock. b. Service revenues on account amounted to $8,750. C. Cash collections of accounts receivable amounted to $7,175. d. Purchased supplies on account for $65 and used all of them. e. On December 15, 2010, the company paid $4,500 in advance for leased office space. The lease does not go into effect until 2011. Print Print Done Done Sharp Technology Services entered into the following transactions during 2010: (Click here to view the transactions.) Requirements Enter each transaction into the accounting equation. Begin by entering transaction a. Then, enter each transaction in the order they occurred. (Use parentheses or a minus sign when entering account decreases. Use only the necessary input lines.) Shareholders' Equity Assets Liabilities + + Contributed Capital Account Retained Earnings Account $ Account Account + +

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