(Solution) -ACC 290 Week 2 E3-1 Updated

Paper Details

ACC 290 Week 2 E3-1 NEW

The balance sheet makes sure that the finances are in balance. Below is a list of Thyme Advertising Company, Inc. transactions. Each of these is affected differently.
• Issued common stock to investors in exchange for cash received from investors.
 
• Paid monthly rent.
 
• Received cash from customers when service was performed.
 
• Billed customers for services performed.
 
• Paid dividend to stockholders.
 
• Incurred advertising expense on account.
 
• Received cash from customers billed in (4).
 
• Purchased additional equipment for cash.
 
• Purchased equipment on account.