Question
1-Love deep invested $300,000 cash to begin her environmental consulting business 2- his Environmental Consulting paid $50 ,000 cash for land as a future office
1-Love deep invested $300,000 cash to begin her environmental consulting business
2- his Environmental Consulting paid $50 ,000 cash for land as a future office lactation .
3- The business purchased office supplies for $20,000 on account,
4-The business provided environmental consulting services for clients and received $50,000 cash.
5-The business provided environmental consulting services of $30 ,000 to clients who will pay for the services within one month.
6-The business paid the following expenses: office rent, $5,000; employee salaries, $5,000; and utilities, $5,000
7-The business paid $10,000 on the account payable created in Transaction 3.
8- Loveddep remodelled her personal residence with personal funds. This is not a business transaction of the environmental consulting business, so no journal entry is made
9-The business received $20,000 cash from one of the clients discussed in Transaction 5.
10- Lovedeep withdrew $10,000 cash for personal living expenses
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