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Analyse the accounts and the balances

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Alice started a consulting business "Alice Consulting" on 1 July 2020. During the first month of operations, she completed six transactions which resulted in the following:

Capital                                      $50,000

Cash                                         82,000

Unearned Service Revenue          40,000

Accounts Receivable                   20,000

Service Revenue                         20,000

Supplies                                      6,000

Withdrawals                                   5,000

Accounts payable                             3,000

Utility payable                                    300

Utility expense                                     300

All the accounts have normal balances.

Required:

Problem (a) Analyse the accounts and their balances and form a list that describes each of the six (6) most likely transactions and their amounts.

Reference no: EM132627957

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