Discussion:
Answer each of the following transactions describing the effect of each transaction on the specific assets, liabilities, and/or stockholder's equity account in the Word document Template which I will furnish:
• Selected transactions for Thyme Advertising Company, Inc.
o Issued common stock to investors in exchange for cash received from investors.
o Paid monthly rent.
o Received cash from customers when service was performed.
o Billed customers for services performed.
o Paid dividend to stockholders.
o Incurred advertising expense on account.
o Received cash from customers billed in (4).
o Purchased additional equipment for cash.
o Purchased equipment on account.
Use the Word document Template to record your answers and submit with your responses. Please note that each of the 9 events needs to have 6 answers to earn all of the possible points according to the instructions in the Word document which I will furnish and you must use it in order to earn all of the points.