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1. LINE A P. POOVEY INVESTED $9,700 IN HER PARALEGAL PRACTICE 2. LINE B P. POOVEY PURCHASED OFFICE EQUIPMENT AT A COST OF $3,800. THE

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1. LINE A P. POOVEY INVESTED $9,700 IN HER PARALEGAL PRACTICE 2. LINE B P. POOVEY PURCHASED OFFICE EQUIPMENT AT A COST OF $3,800. THE BILL FOR THE OFFICE EQUIPMENT MUST BE PAID IN 30 DAYS. 3. LINEC P. POOVEY PURCHASED MORE OFFICE EQUIPMENT AT A COST OF $1,095. P. POOVEY PAID FOR THIS PURCHASE BY A FIRM CHEQUE DRAWN ON THE GENERAL BANK ACCOUNT 4. LINE D P. POOVEY PERFORMED LEGAL SERVICES TOTALLING $4,200 FOR CLIENTS FIGGUS AND GILETTE. PAYMENT OF POOVEY'S INVOICES IS DUE IN 30 DAYS. 5. 6. LINE E P. POOVEY RECEIVES $2,700 TOTAL FROM FIGGUS AND GILETTE TOWARDS PAYMENT OF THEIR BILLS. LINE F P. POOVEY PAID FOR RENT BY CHEQUE IN THE AMOUNT OF $950. LINE G P. POOVEY TOOK $900 OUT OF THE BUSINESS FOR PERSONAL USE. 7. 8. LINE H POOVEY PAID $2,400 OF THE $3,800 BILL FOR OFFICE EQIUIPMENT (SEE LINE B). THE BILL WAS PAID BY CHEQUE END OF QUESTION 1 QUESTION 2: 172 MARKS 1. LINE A P. POOVEY INVESTED $9,700 IN HER PARALEGAL PRACTICE 2. LINE B P. POOVEY PURCHASED OFFICE EQUIPMENT AT A COST OF $3,800. THE BILL FOR THE OFFICE EQUIPMENT MUST BE PAID IN 30 DAYS. 3. LINEC P. POOVEY PURCHASED MORE OFFICE EQUIPMENT AT A COST OF $1,095. P. POOVEY PAID FOR THIS PURCHASE BY A FIRM CHEQUE DRAWN ON THE GENERAL BANK ACCOUNT 4. LINE D P. POOVEY PERFORMED LEGAL SERVICES TOTALLING $4,200 FOR CLIENTS FIGGUS AND GILETTE. PAYMENT OF POOVEY'S INVOICES IS DUE IN 30 DAYS. 5. 6. LINE E P. POOVEY RECEIVES $2,700 TOTAL FROM FIGGUS AND GILETTE TOWARDS PAYMENT OF THEIR BILLS. LINE F P. POOVEY PAID FOR RENT BY CHEQUE IN THE AMOUNT OF $950. LINE G P. POOVEY TOOK $900 OUT OF THE BUSINESS FOR PERSONAL USE. 7. 8. LINE H POOVEY PAID $2,400 OF THE $3,800 BILL FOR OFFICE EQIUIPMENT (SEE LINE B). THE BILL WAS PAID BY CHEQUE END OF QUESTION 1 QUESTION 2: 172 MARKS

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