Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. On January 3,2019 , issues $20,000 shares of common stock for cash. 2. On January 5,2019 , purchases equipment on account for $3,500, payment

image text in transcribed
1. On January 3,2019 , issues $20,000 shares of common stock for cash. 2. On January 5,2019 , purchases equipment on account for $3,500, payment due within the month. 3. On January 9,2019 , receives $4,000 cash in advance from a customer for services not yet rendered. 4. On January 10,2019 , provides $5,500 in services to a customer who asks to be billed for the services. 5. On January 12,2019 , pays a $300 utility bill with cash. 6. On January 14,2019 , distributed $100 cash in dividends to stockholders. 7. On January 17,2019 , receives $2,800 cash from a customer for services rendered. 8. On January 18,2019 , paid in full, with cash, for the equipment purchase on January 5. 9. On January 20,2019 , paid $3,600 cash in salaries expense to employees. 10. On January 23, 2019, received cash payment in full from the customer on the January 10 transaction. 11. On January 27,2019 , provides $1,200 in servfces to a customer who asks to be billed for the services. 12. On January 30,2019 , purchases supplies on account for $500, payment due within three months. 1. On January 3,2019 , issues $20,000 shares of common stock for cash. 2. On January 5,2019 , purchases equipment on account for $3,500, payment due within the month. 3. On January 9,2019 , receives $4,000 cash in advance from a customer for services not yet rendered. 4. On January 10,2019 , provides $5,500 in services to a customer who asks to be billed for the services. 5. On January 12,2019 , pays a $300 utility bill with cash. 6. On January 14,2019 , distributed $100 cash in dividends to stockholders. 7. On January 17,2019 , receives $2,800 cash from a customer for services rendered. 8. On January 18,2019 , paid in full, with cash, for the equipment purchase on January 5. 9. On January 20,2019 , paid $3,600 cash in salaries expense to employees. 10. On January 23, 2019, received cash payment in full from the customer on the January 10 transaction. 11. On January 27,2019 , provides $1,200 in servfces to a customer who asks to be billed for the services. 12. On January 30,2019 , purchases supplies on account for $500, payment due within three months

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions