DEVRY ACCT 216 Week 2 Homework

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DEVRY ACCT 216 Week 2 Homework

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• Please write a 4-6 sentence paragraph on the
  following question. Describe each of the 4 basic
  financial statements. What is the relationship
  between them?During the first month of
  operations (March 2011) Jerry Enterprises
  completed the following selected transactions
• a. The business received 12,000 in cash and a
  building valued at 52,000. The corporation
  issued stock to the contributors of these.b.
  Borrowed 15,800 from the bank and signed a note
  payable to themc. Paid 12,000 for equipmentd.
  Purchased supplies on account for 200e. Paid
  employees salaries of 2,100f. Performed
  services for customer on account, 2,800 
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