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1 Ladd contributed his personal funds in exchange for $13,500 6,100 3,100 common stock to begin the business. 2 Purchased a used truck for cash.
1 Ladd contributed his personal funds in exchange for $13,500 6,100 3,100 common stock to begin the business. 2 Purchased a used truck for cash. 3 Purchased ladders and other equipment for a total of Paid cash of $1,000, with the balance due in 30 days. 4 Paid two-year premium on liability insurance. 5 Purchased supplies on account 6 Received an advance payment from a customer for 3,000 1,200 roof repair work to be done in April and May. 7 Billed customers for roofing services. 8 Collected on account from customers. 9 Paid bill for truck fuel used in April. 10 Paid April newspaper advertising. 11 Paid assistants' wages. 12 Billed customers for roofing services. 1,800 5,500 6,500 75 100 5,000
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