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1 (2.5 marks) On September 1, 2020, D&H Corporation starts the business. In the September, the following transactions were complete. The closing balance of Cash
1 (2.5 marks) On September 1, 2020, D&H Corporation starts the business. In the September, the following transactions were complete. The closing balance of Cash account was $30,000 29/6 No 1/9 2/9 5/9 10/9 12/9 13/9 14/9 20/9 22/9 23/9 26/9 Required: Transactions Hired three employees to work in the warehouse. They will each be paid a salary of $3,540 per 1 month David invested $...... cash in the company in exchange for ordinary shares Signed a 2 years rental agreement on a warehouse, paid $.... in advance for first year Purchased furniture and equipment costing $...... A cash payment of $ was made immediately, the remaining will be paid in 6 months Paid $....... cash for a one year insurance policy on the furniture and equipment Purchased basic office supplies for $ ... cash Purchased more office supplies for $.... on account Total revenues earned were $.... cash and $...... on account Paid $.... to supplies for accounts payable incurred 14/9 Received cash ...... from customers in payment of accounts receivable incurred on 20/9 Received utility bills in the amount of S....., to be paid next month Paid the monthly salaries of the two employees, totalling $.... 1. Fill the dot ($.......) with a reasonable amount for given transactions above (0.5 marks)
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