Describe the effect of each transaction on assets, liabilities, and stockholders' equity. Issued common stock to investors in exchange for cash received from investors.
Paid monthly rent.
Received cash from customers when service was performed.
Billed customers for services performed.
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Home » Business » Describe the effect of each transaction on assets, liabilities, and stockholders' equity. Issued common stock to investors in exchange for cash received from investors. Paid monthly rent. Received cash from customers when service was performed.