Business, 10.09.2019 03:10 strodersage
Tiny town kennel earns service revenue by caring for the pets of customers. tiny town kennel is organized as a corporation. during the past month, tiny town kennel has the following transactions:
a. received $520 cash for service revenue earned.
b. paid $325 cash for salaries expense.
c. martin contributed $1,000 to the business in exchange for capital.
d. earned $640 for service revenue, but the customer has not paid tiny town kennel yet.
e. received utility bill of $85, which will be paid next month.
f. martin withdrew $100 cash.
indicate the effects of the business transactions on the accounting equation for town kennel.
Answers: 1
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Tiny town kennel earns service revenue by caring for the pets of customers. tiny town kennel is orga...
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