Business
Business, 06.05.2020 07:15, FlyingPig14

Selected transactions for Protheroe Corporation during its first month in business are presented below. Sept. 1 Issued common stock in exchange for $21,060 cash received from investors.5 Purchased equipment for $8,570, paying $2,800 in cash and the balance on account.8 Performed services on account for $18,000.14 Paid salaries of $1,200.25 Paid $3,100 cash on balance owed for equipment.30 Paid $900 cash dividend. Exercise 3-11 Selected transactions for ProtheroeExercise 3-11 Selected transactions for Protheroe Complete a tabular analysis of the September transactions. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced. See Illustration 3-3 for example.)

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