Business, 22.05.2020 15:58, Jocelynlboyd123

A company begins operations in March and has the following transactions. March 1 Issue common stock for $17,500. March 5 Obtain $8,300 loan from the bank by signing a note. March 10 Purchase construction equipment for $21,500 cash. March 15 Purchase advertising for the current month for $1,000 cash. March 22 Provide construction services for $17,300 on account. March 27 Receive $12,300 cash on account from March 22 services. March 28 Pay salaries for the current month of $5,300.Required:Record each transaction. Company uses the following accounts: Cash, Accounts Receivable, Notes Payable, Common Stock, Service Revenue, Advertising Expense, and Salaries Expense.

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A company begins operations in March and has the following transactions. March 1 Issue common stock...