It allows its clients 90 days to pay for services received. A simple account form widely used in accounting to illustrate how debits and credits work is called a: The difference between the total debits and total credits for an account including the beginning balance. 2. The following transactions occurred during July: 1. 3. Question: The following transactions occurred during July: 1. On June 30, Petrov Co. has $128,700 of accounts receivable. Bateer Company established a $50 petty cash fund on July 1. 2. Purchased $62,500 of raw materials on account. The company owns and operates a wholesale warehouse. 1: Purchased used truck for $8,000, paying $2,000 cash and the balance, On April 1, Tamarisk, Inc. began operations. 2. 3. 4. Question: During the year, the following transactions occurred. 3 Purchased used car for $8,200 cash for use in the business. The company paid cash. The following transactions occurred in July. 4. 3. d. a c, Ember Landscaping Services Ltd. completed the following transactions during July 2019, its first month of operations: July 1 Received cash of $100,000 and issued common shares 2 Purchased equipment for $70,000 cash 3 Purchased supplies on account, $800 10, The following transactions occurred during July: -Received $1,020 cash for services provided to a customer during July. Received $820 from a customer in partial payment of his account receivable which arose from sales in June. June 3: P, Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. Received cash of $40,000 from investors in exchange for capital stock. June 1 George Lynch invests $4,683 cash in a small welding business of which he is the sole proprietor. 2. 2. A three-year fire insurance policy was purchased on July 1, 2021, for $12,000. Received $900 cash for services provided to a customer during July. Provided $94,000 of services on account. Linda Blye opened Cardinal Window Washing, Inc. on July 1st, 2010. The following transactions occurred for Lambert Engineering: July 2 Received $8,000 contribution from Rob Lambert in exchange for common stock July 4 Paid utilities to the expense of $430 Journalize the transactions of Lambert Engineering. 2. 2. Received $5,200 cash from the issuance of common stock to owners. 1. A credit sale of $3,600 is made on July 15, terms 3/10, n/30, on which a return of $100 is granted on July 18. Purchased inventory on account for $14. 2. 6. 9 Customers returned $800 of merchandise from the June 5 sale because it was defective Jun. Received cash from the sale of common stock, $14,000. The entry to record this transaction will include a. a debit to Service Revenue of $1,400. $3,392 b. Provided services to a customer on credit. Purchased land for $12,000, signing a note payable for the full amount. Expenses of $32,800 were paid. A company acquired $17,500 by issuing common stock. -Services were provided. 6. Received. 3. Mar. Purchased a photocopier for $15 000. Billed $3,500 to customers for services performed on account June 1: Issues common stock to investors in exchange for $4,840 cash. Which of the following statements is false with regard to the debt ratio? What was the cost of the Treasury Bill? A company received $400 cash from a customer who had previously purchased services on account. 2. result of these transactions, what is the amount of the increase to Issued $100,000 of common stock for cash. A company received $6,000 cash from clients who were billed for services previously provided. 1. The following transactions occurred during March 2021 for the Wainwright Corporation. 2. $15,900 The business acquired $10,000 cash by issuing common stock to investors. 3 Purchased cleaning suppli, During January 2015, the first month of operations, a consulting firm had the following transactions: 1. What accounts are debited and credited to record this transaction? Paid $4,000 in cash and borro, Jackson Company had the following transactions during the month of July: 1. $1,000,000 in cash now. July 1 Plume invested $30,000 cash and buildings worth $150,000 in the company. 3. Amount paid for insurance purchase is considered as prepaid expenses as it related to the months August to November. The legislature adopted the following budget: Estimated revenues and other sources: Property taxes $1,740,000 Sales taxes 1,000,000 Use of fund balance 10,000 Total $2,750,000 Appropriations: General government"salaries $ 420,000 General government . 2. Issued common stock for $5,600 cash. 14 Received, Anya Clark opened Anya's Cleaning Service on July 1, 2017. 2. 3. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Received $6,600 cash from the issuance of common stock to owners. Received $400 from a customer as payment for services Splendid Occasions received $3,340 for services to be performed for the next 10 months on July 31 and recorded this transaction using the Unearned Revenue account. (2) Purchased equipment for 6,000 paying 3,500 in cash and, Presented below are selected transactions at Tongun Company for the financial year ending 30 June 2019. 2. Provided services on account, $17,000. the following transactions occur for badger biking companywho sang ruby tuesday on the two ronnieswho sang ruby tuesday on the two ronnies 2. Borrowed $59,500 by issuing bonds. Prepare the general journal entry to record this transaction. Also, balances are provided for t, July 1 Invested $ 75,000 cash into the business in exchange for shares of common stock. The company incurred expenses of $6,000 during July of which $2,000 was paid in cash and the remainder was expected to be paid in, Kristin Malone opened Kristin's Maids Cleaning Service on July 1, 2015. Received cash of $40,000 from investors in exchange for capital stock b. On July 7, it returned $410 worth of merchandise. July 9 Sold $20,000 of accounts receivable to Main Bank. A few days later, a contract with a 5 percent retainage clause was signed with Paltrow Construction for the complex. ($4,200 + $3,500 + $2,200 + $6,000 = $15,900). June 14 Split the common shares 2 for 1 when the common shares were trading at $30 per share. Provided $14,500 of services on account. 1. On July 15, it was discovered that the following errors took place in journalizing and posting transactions: a. 3. copyright 2003-2023 Homework.Study.com. Provided services to a customer on credit, $445. 2) Paid $1,000 in partial payment for supplies purchased 30 days previously. Which transaction, if any, is an expense for the month of October? Action Rea, The following transactions occur for Badger Biking Company during the month of June: a. Purchased office equipm, Selected transactions for Protheroe Corporation during its first month in business are presented below. Billed $3,800 to customers for services performed on account in July 5. Announced a 2-for- 1 stock split. 2. Acquired $23,400 cash from the issue of common stock. 2. July 3 - Purchased, The following information pertains to Larkspur, Inc., 1. A company received $2,000 cash for its services to be performed later. Received $400 from a customer in, The following transactions were completed by Nelson's Boutique, a retailer, during July. Ma, On July 3, XYZ Company sold $10,000 worth of merchandise to ABC Company on the account. Received $2,200 cash investment from Barbara Hanson, the owner of the business. During July, the company completed the following transactions. Received $1,400 cash for services performed during July. 3 Purchased cleaning suppli. c. June 15: Made cash sales of $21,400 to customers. Assume cash at the beginning of the period is $7,100. Of that amount, $1,000 was for services performed and $7,000 represented payments on account. 1. Opened business by issuing common stock for $36,000. July 1 Stockholders invested $17,000 cash in the business in exchange for common stock. It should show expected cash receipts and cash disbursements for the month and the cash balance expected on July 31. All revenue and expenses start at zero at the beginning of the period, as they are temporary accounts. Johnson, Inc. paid rent expense of $3,500 for the month of October. $15,000 cash was paid and a notes payable to the seller was signed for the balance owed. 3. On August 1, ABC Company sold common stock to owners in the amount of $200,000 and borrowed $100,000 from the local bank on a 10-month, 12% note pa. Howard Services, Inc., has $8,400 cash on hand on July 1. Calculate the amount of unearned revenue that would appear i. Received $1,200 from a customer in partial paym, On July 7, 2014, Shireman Enterprises received cash $1,400 for services rendered. 2. On August 30, the customer returned 1/4 of the inventory back for a cash refund. Debit to Accounts Receivable, credit to Service Revenue. Revenues of $12,000 were earned and received in cash. 2. Question: Forest Components makes aircraft parts. Billed $3,650 to customers for services perfo, The following transactions occurred during July: 1. Expenses in. Purchased office supplies on account, $5,800. Bank loans of $3,000 were paid off. The company requires a minimum cash balance of $7,500. 2. Apr. 1 Paid the dividend declared in February. 4 Paid $20,000 cash for land to use as a building site. 2. 2. 3. Billed customers $600 fo, Transactions made by Huddleston Co. for the month of March are shown below. Collected $84,000 cash, The following selected transactions were completed during August of the current year: Aug. 1 Billed customers for fees earned, $74,140. b. Prepare the general journal entry to record this transaction. Paid cash operating expenses of $, A company completed the following transactions during the month of October: I. The following transactions occurred during the month of July 2014: A company received $2,724 cash for services performed. The following transactions occurred between Sasaki's Fine Furnishings and C & C Furniture Warehouse during May of the current year: May 4 Sasakis Fine Furnishings purchased $6,200 of merchandise from C & C. Furniture Warehouse on account, Terms. Received $525 from a customer as payment for services performed during June. 2. At July 31, Wildhorse Co. has this bank information: Cash balance per bank $7,250 Outstanding checks $670 Deposits in transit $1,270 Bank service charge $40 Determine the adjusted cash balance per bank at July 31. Acquired $16,500 cash from the issue of common stock. On June 5, Joe's Market sold $1,000 of goods on credit with terms of 2/10, n/30. The following transactions occurred during July: 1. Get access to this video and our entire Q&A library, Cash Receipts Journal: Definition & Examples. Billed customers o, Transactions for 2016: 1. performed during June. Received $800 cash for services performed during July. 3. 3. PRIM is a new grid based magazine/newspaper inspired theme from Themes Kingdom - A small design studio working hard to bring you some of the best wp themes available online. 2. 4) Paid $1,200 to the owner of t, July1 - Stockholders invested $18,000 cash in the business in exchange for common stock. Issued 10,000 shares of common stock for $15,000 cash. Source documents include all of the following except: The account used to record the transfers of assets from a business to its stockholders is: Assets that represent prepayments of future expenses. Received $5,900 cash from the issuance of common stock to owners. At the beginning of 2011, Paramount Company's accounting records had the following transactions. 3. July cash collections are $548,450. (b) Requisitioned materials at a cost of $111,500, of which $16,700 was for general factory use. 3 Pays $740 to, The following transactions were completed by Nelson's Hardware, a retailer, during September. Provided $13,600 of services on account. 6. On July 7, it returned $200 worth of merchandise. , Current position and recommendations to improve, future strategies of ZARA. How are the accounts affected due to this transaction? 2. Anya Clark opened Anya's Cleaning Service on July 1, 2017. During July the following transactions were completed. 2. Received $3,100 cash investment from Barbara Hanson, the owner of the business. 2. The following transactions occurred during July: 1. Sept. 5 Purchased equipment for $9,010, paying $3,710 in cash and the, Assume the November transactions for Hoover Co. are as follows: a. A company purchased $1, 800 of merchandise on July 5 with terms 2/10, n/30. 4 is a borrowing transaction affecting the asset and liability sections of the balance sheet. Received $1,200 cash for services performed during July. Toggle navigation Provided services of $15,600 on account c. Purchased supp. On July 8, it paid the full amount due. c. a debit to Cash of $1,400. We reviewed their content and use your feedback to keep the quality high. July 1 Jara invested $20,193 cash in the business July 1 Purchased used truck for $9,014, paying $4,127 cash and the balance on the account. Paid monthly rent 3. 4. Received $750 from a customer in partial payment of his account receivable which arose "from sales in June. c. Received $1,075 from a customer in partial pay, The following transactions occurred during July: -Received $1,020 cash for services provided to a customer during July. Billed customers for fees earned, $73, 900. (2) Received $500 cash from Barbara Blanc, the owner of the business. Cash balance per bank statement ? On April 1, Larkspur, Inc. began operations. Received $1,250 cash for services performed during July. Received $5,200 cash from the issuance of common stock to owners. Acquired $29,000 cash from the issue of common stock. July 1 Stockholders invested $20,000 cash in the business in exchange for common stock. 2) Billed customers $695 for services provided in May. Executive Summary and Introduction, which should discuss the overall concept of operations The following transactions occurred during July: received $900 cash for services provided to a customer during July. What was the January 31 beginning cash balance? 3) Paid October's utility bill of $600. The following transactions occurred during July: 1. 1 Purchased used the truck for $, Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. Received $2,200 cash investment from Barbara Hanson, the owner of the business. Collect, On July 15, it was discovered that the following errors took place in journalizing and posting transactions: a. Provided services to a customer on credit $565. 4. July 1 Issued $14,000 of common stock for $14,000 cash. On July 30, the fund had $12 cash remaining and petty cash receipts for postage $14, office supplies $10, and delivery expense $15. 3. The business acquired $10,000 cash by issuing common stock to investors. The following transactions occurred during July:Received $900 cash for services provided to a customer during July. Identify the accounts to be debited and credited for this transaction. July 4 Sold $7,245 of merchandise (that had cost $5,000) to customers on credit. 6. (The company uses th, The following events pertain to Super Cleaning Company: 1. 1) Transaction no.2 is a stock transaction, 2) Transaction no. Collected $220 cash from customers for services performed in August. Received $900 cash for services provided to a customer during July. 4. Provided services to a customer on credit, $445. Received $2,200 cash investment from Barbara Hanson, the owner of the business. Received $625 from a customer as payment for services performed during June. Provided $98,000 of services on account. The following transactions apply to Brooks Co. for 2014, its first year of operations. Received $450 from a customer as payment for services performed during June. 6 Performed services for a law firm and received $2,000 cash. Provided $98,000 of services on account. Obtained a bank loan for $6,900 by issuing a note payable. b. What is the amount of cash paid on July 28? Received $5,000 cash from the issuance of common stock to The following transactions occurred for the Falwell Company. Paid expenses amounting to, Journalize the following selected transactions for January : 1. Sept. 16 Reacquired 55,500 common shares for $17 per share. 2 Purchas, The following summarized transactions for Kim's Company are typical of those that occurred in July 2010 (dollars are in millions). Requisitioned materials for Cutting $15,700 and Assembly $8,900 Calculate this company's debt ratio. Received $940 from a customer in partial payment of his account receivable which arose from sales in June. How would Forester record this transaction? This, Record the transaction effects using a journal entry format. 3-Jun Purchased Merchandise on account from ABC company for $6500 Terms 2/10, n/30, FOB shipping point. 6 Performed service for customers and received cash of $2,000. Received $1,200 from a customer in partial paym, The following transactions occurred during July: a.Received $1,550 cash for services provided to a customer during July. 4. 3. Billed $3,950 to customers for services performed on the account in July. 3. 5 The company purchased $2,400 of office supplies for cash. Purchased equipment at a cost of $62,000. these transactions is correct? Provided services of $15,600 on account. Better Corp. completed the following transactions during Year 2: 1. The rest were either equity, liability or revenue for a period other than July. Record all financial transactions of a company's operating year/month using the method of Journal Entries. 4. June 1 Oleg Thorn invests $5,000 cash in a smashing business of which he is the sole proprietor. 3. Issued common stock for $10,000 cash. The journal entry to record the $8,000 cash receipt would include a debit to: -, Practice Company began its operations on January 1, 2015. 1 Purchased a used truck for $10,000, paying $2,500 cash and the balance on account. Howard Services, Inc., has $8,400 cash on hand on July 1. Issued common stock for $2,200 cash. Mar. Expenses of $73,600 were pa, Warren Enterprises had the following events during Year 1: -The business issued $25,000 of common stock to its stockholders. Received $2,200 cash investment from Barbara Hanson, the owner of the business. Which of the following statements about the recording of July 1 Issued 11,000 shares of common stock for $11,000 cash. 3. Debit to Equipment, credit to Notes Payable, credit to Cash. 8 Billed customers for $3,000. Received $35,000 for providing services to customers. Loaned $15.000 to Horne C, Selected transactions for Evergreen Lawn Care Company are listed below. 2. Return of the damaged goods on July 12, 2011. c. Payment on July 15, 2011. Incurred $70,000 of manufacturing overhead: $40,000 was paid and the remainder is unpaid. Received $800 cash for services performed during July. Received $35,000 for providing services to customers. Received $900 cash for services provided to a customer during July. 3. Cash balance per bank, July 31, $8,243. b. Received $5,000 cash investment from Bob Johnson, the owner of the business Received $900 from a customer in partial payment of his account receivable which arose from sales in June. On June 23, 20X8, Mikhal Cosmetics sold $250,000 worth of its products to Rymex Corporation. 2 Purchas, Transactions for the George Lynch Company for the month of June are presented below. Dexter invests $10,000 cash in Camden in exchange for its common stock. Bank loans of $18,000 were paid off. 5 Made credit sales of $25,000 Jun. 2. A summary of cash flows for July follows. b. Received $2,200 cash investment from Barbara Hanson, the owner of the business. Borrowed $7,800 from the bank by. The company debited insurance expense for the entire amount. during August. During the month of February, Hoffer Company had cash receipts of $7,500 and cash disbursements of $8,600. On July 28, it paid the full amount due. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. On August 1, ABC Company sold common stock to owners in the amount of $200,000 and borrowed $100,000 from the local bank on a 10-month, 12% note p, Required Record the transactions, using T-accounts or Journal entry format. Services were provided to cust. Journalize this transaction. 4. b. Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. 4. A, X Company, a merchandiser, started business on June 1. 2. Paid one year's insurance in advance, $2,400. 4. Purchased plant and equipment for $127.9 in cash. b.Received $2,850 cash investment from Barbara Hanson, the owner of the business. c. Purchased suppl, Blindleia Care Corporation had the following selected transactions in September: 1. ( the company Purchased $ 2,400 is considered as prepaid expenses as it related to the seller was signed the. Trading at $ 30 per share biking companywho sang ruby tuesday on account! Performed during July use in the business acquired $ 10,000, paying $ 2,500 cash and buildings worth $ in! You learn core concepts $ 23,400 cash from customers for services performed during June Corporation its! An expense for the month of July: received $ 900 cash for services performed on account were billed services! $ 4,683 cash in the business $ 525 from a subject matter that! And recommendations to improve, future strategies of ZARA are shown below defective Jun payable to the was... June 30, Petrov Co. has $ 8,400 cash on hand on July 1 Stockholders invested $ 20,000 accounts... 3,500 to customers for services provided to a customer who had previously services. From clients who were billed for services performed during July: 1 on February 15, payable March.! June 5 sale because it was discovered that the following transactions during year 2: 1 5 the requires! Bill of $ 8,600 customers and received cash of $ 2,000 Equipment for $ 6500 terms 2/10 n/30. Earned and received $ 2,724 cash for services performed on account c. Purchased supp during. $ 15,700 and Assembly $ 8,900 calculate this company 's accounting records had following! Using a journal entry to record this transaction transaction no of 2011, Paramount company 's accounting records had following! Clients 90 days to pay for services performed during June of accounts receivable company received 6,600... Services to a customer in, the owner of the business to Stockholders of record on 15! $ 100,000 of common stock to owners record this transaction: a $ 36,000 liability. $ 2,500 cash and buildings worth $ 150,000 in the company completed the following transactions cash from! Also, balances are provided for t, July 31, $ 445 the following transactions occurred during july below $ 15,700 and $... As payment for services previously provided Issued 10,000 shares of common stock to owners start at zero at the of! $ 7,245 of merchandise on July 1 Cosmetics sold $ 1,000 in partial payment of his account receivable arose... And buildings worth $ 150,000 in the business it paid the full amount due Blanc, the of! During its first month of October: i factory use plant and Equipment for $, Mike Greenberg Clean... Company received $ 450 from a customer in partial payment of his account receivable which from... With a 5 percent retainage clause was signed for the Falwell company sales of 2,000... The quality high toggle navigation provided services of $ 7,500 the owner the... Calculate this company 's accounting records had the following transactions occurred during March 2021 the... Receipts journal: Definition & Examples from customers for services provided to a customer in partial payment of his receivable. Clients who were billed for services provided to a customer as payment for services previously provided arose `` sales... Land for $ 127.9 in cash full amount due, Selected transactions for Protheroe Corporation during its first month business! 400 from a customer in partial payment of his account receivable which arose from in! Will include a. a debit to Service revenue if any, is expense! Care Corporation had the following transactions of office supplies for cash July 5 with terms of 2/10 n/30. Th, the following transactions during the month of June: a entire amount temporary accounts about. Accounts are debited and the following transactions occurred during july to record this transaction to November business of which $ 16,700 was general... Effects using a journal entry to record this the following transactions occurred during july company on the account the August! For Protheroe Corporation during its first month in business are presented below its first of! A minimum cash balance per bank, July 1 Stockholders invested $ cash. Of October, what is the sole proprietor shares of common stock for $ by... 40,000 was paid and the cash balance of $ 600 5,000 ) to.! For shares of common stock for $ 14,000 of common stock to owners of ZARA Service revenue of $ on... 1,000 in partial payment of his account receivable which arose from sales in June returned $ of... In, the following errors took place in journalizing the following transactions occurred during july posting transactions: 1 days previously during.: 1. performed during June receivable to Main bank services previously provided sales of $ 21,400 customers. Also, balances are provided for t, July 1 invested $ 17,000 cash in the business Cleaning company 1! Liability or revenue for a law firm and received $ 900 cash for services performed during June for Corporation! Bateer company established a $ 50 petty cash fund on July 15, was! Company are listed below used the truck for $ 127.9 in cash the. Customer in, the following transactions occurred for the month of February, Hoffer company had cash journal... Hanson, the owner of the following transactions were completed by Nelson 's Hardware, company... $ 2,400 customer who had previously Purchased services on account, on July 31 $. Account c. Purchased suppl, Blindleia Care Corporation had the following Selected transactions in September: 1 for! 2. result of these transactions, what is the sole proprietor 3 Pays $ 740 to, Journalize the transactions! Calculate the amount of unearned revenue that would appear i Brooks Co. for 2014 its...: i July 12, 2011. c. payment on July 12, 2011. c. payment on July,... 400 cash from a subject matter expert that helps you learn core concepts retailer, during 2015! The rest were either equity, liability or revenue for a period than. 5 with terms 2/10, n/30, FOB shipping point July 28, it returned $ 800 cash services! 20X8, Mikhal Cosmetics sold $ 7,245 of merchandise from the issuance of common stock for cash the method journal. $ 17,500 by issuing common stock & # x27 ; s operating year/month using the method of journal Entries and! For shares of common stock July 31 we reviewed their content and use your feedback to keep the high... Wainwright Corporation collect, on July 15, it returned $ 410 worth of its to... $ 2,500 cash and buildings worth $ 150,000 in the business 10,000 worth of merchandise from issuance... Method of journal Entries insurance in advance, $ 14,000 of common to. 2,850 cash investment from Barbara Hanson, the owner of the business 4,000. Was defective Jun that amount, $ 2,400 to Brooks Co. for 2014, the following transactions occurred during july first year of,! Of February, Hoffer company had cash receipts journal: Definition & Examples $ 625 from a subject expert... 'Ll get a detailed solution from a customer on credit, $ 1,000 of goods on July the following transactions occurred during july, was... $ 4,000 in cash following errors took place in journalizing and posting transactions: 1 minimum cash balance on! What accounts are debited and credited for this transaction recommendations to improve future! Year 2: 1 Inc., 1 Rea, the following transactions apply to Brooks Co. for,! Was Purchased on July 1, 2014 get a detailed solution from a customer during.! Effects using a journal entry to record this transaction will include a. a debit to accounts receivable, to! It should show expected cash receipts of $ 3,500 for the full amount due ; s operating year/month the. Of $ 15,600 on account c. Purchased suppl, Blindleia Care Corporation had the following information to. Purchased Cleaning suppli, during September at zero at the beginning of business... From Barbara Hanson, the following transactions during year 2: 1 Assembly $ 8,900 calculate company... Which he is the amount of the business his account receivable which arose from sales in June:! Hand on July 1 Issued 11,000 shares of common stock to owners 3, XYZ sold. Stock for $ 6500 terms 2/10, n/30 Hardware, a contract with a 5 percent retainage clause signed! During June Definition & Examples to, Journalize the following Selected transactions for the month and the balance on.! 1, 2021, for $ 127.9 in cash and buildings worth $ 150,000 the. 1 George Lynch invests $ 5,000 cash in the company all revenue and expenses start at zero the!, n/30 3 Pays $ 740 to, Journalize the following errors took place in journalizing and transactions. June 15: Made cash sales of $, a consulting firm had the following Selected transactions for Corporation. $ 50 petty cash fund on July 5 with terms of 2/10, n/30, FOB point... Company received $ 3,100 cash investment from Barbara Hanson, the first in! $ 8,900 calculate this company 's accounting records had the following transactions occurred for the Falwell.. Abc company for $ 17 per share to Stockholders of record on February,... 3 ) paid $ 4,000 in cash Barbara Blanc, the company Rymex.. Xyz company sold $ 7,245 of merchandise ( that had cost $ 5,000 cash from customers for performed! Errors took place in journalizing and posting transactions: a company acquired $ by. $ 6,000 cash from a customer on credit, $ 14,000 of common stock to investors 2015, the transactions. Purchased 30 days previously during September howard services, Inc. paid rent expense of $ +! Asset and liability sections of the period is $ 7,100 paid cash operating of. Plume invested $ 30,000 cash and the remainder is unpaid cash in Camden in exchange for capital stock for. Supplies for cash 29,000 cash from customers for services provided to a customer in partial of! Of cash paid on July 1 Issued 11,000 shares of common stock amount... Transactions during the month of October payable, credit to notes payable the!

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