The following transactions were completed by the company during that first month. June 1 H. Nikolas invested

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The following transactions were completed by the company during that first month.

June 1 H. Nikolas invested $130,000 cash in the company.
2 The company rented a furnished office and paid $6,000 cash for June’s rent.
4 The company purchased $2,400 of equipment on credit.
6 The company paid $1,150 cash for this month’s advertising of the opening of the business.
8 The company completed maintenance services for a customer and immediately collected $850 cash.
14 The company completed $7,500 of maintenance services for City Center on credit.
16 The company paid $800 cash for an assistant’s salary for the first half of the month.
20 The company received $7,500 cash payment for services completed for City Center on June

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Fundamental Accounting Principles Volume 2

ISBN: 9780077716660

21st Edition

Authors: John Wild, Ken Shaw, Barbara Chiappetta

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