Uop acc-290-week-2-e3
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The document outlines key financial transactions of Thyme Advertising Company, Inc. that impact its balance sheet, including issuing stock, paying rent and dividends, and incurring expenses. It lists various ways cash is received and payments made, reflecting the company's financial activities. Understanding these transactions is essential for maintaining balanced finances.
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Uop acc-290-week-2-e3
- 1. UOP ACC 290 Week 2 E3-1 NEW Check this A+ tutorial guideline at http://www.assignmentcloud.com/acc-290- uop/acc-290-week-2-e3-1-new www.assignmentcl oud.com For more classes visit www.assignmentcloud.comThe 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.
- 2. • 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.