Use the following information for Questions 1-6. For each tr…

Use the following information for Questions 1-6. For each transaction indicate the accounts impacted, the dollar amount, and if it was an increase or decrease.  (Each transaction must impact at least two accounts.  Transactions can impact more then two accounts.  Make sure to include all accounts!) Use the following format: (ACCOUNT NAME)  ($ AMOUNT)   (INCREASE/DECREASE) For Example: Bucky received $2,000 for the issuance of stock. Cash $2,000 Increase Common Stock $2,000 Increase    Bucky Badger provided $3,000 in services to a customer.  An invoice was sent to the customer on the day the services will provided.  The invoice is due in 30 days.  

Madison Company’s stockholders’ equity balance on January 1,…

Madison Company’s stockholders’ equity balance on January 1, 2025 was $300,000.  During January, Madison had the following transactions for the month of March: Performed services for $50,000 in cash. Paid rent for the month of January of $3,000. Issued 10 shares of stock for $20,000 in cash. Purchased inventory of $8,000 on account. What was Madison’s ending stockholders’ equity balance as of January 31, 2025?