1. Armand Nuncio, the owner, invested $35,000 cash along with ofFce equipment valued at $11,000 in

the new company.

2. The company purchased land valued at $7,500 and a building valued at $40,000. The purchase is paid

with $15,000 cash and a long-term note payable for $32,500.

3. The company purchased $500 of ofFce supplies on credit.

4. A. Nuncio invested his personal automobile in the company. The automobile has a value of $8,000 and

is to be used exclusively in the business.

5. The company purchased $1,200 of additional ofFce equipment on credit.

6. The company paid $1,000 cash salary to an assistant.

7. The company provided services to a client and collected $3,200 cash.

8. The company paid $540 cash for this month's utilities.

9. The company paid $500 cash to settle the payable created in transaction

c

.

10. The company purchased $3,400 of new ofFce equipment by paying $3,400 cash.

11. The company completed $4,200 of services for a client, who must pay within 30 days.

12. The company paid $1,000 cash salary to an assistant.

13. A Nuncio withdrew $1,100 cash from the company for personal use.