Question
1.Owners invested $6,000 additional cash in Radloffs Furniture Company. 2.Owners invested an additional $4,000 into the company by contributing additional store fixtures valued at $4,000.
1.Owners invested $6,000 additional cash in Radloffs Furniture Company.
2.Owners invested an additional $4,000 into the company by contributing additional store fixtures valued at $4,000.
3.Radloffs Furniture Company purchased additional furniture inventory for $3,000 cash.
4.Radloffs Furniture Company purchased furniture inventory on account for $6,000.
5.Radloffs Furniture Company sold store fixtures for $3,000 cash.
6.Radloffs Furniture Company purchased $6,000 of store fixtures, paying $5,000 cash now and agreeing to pay $1,000 later.
7.Radloffs Furniture Company paid $2,000 on accounts payable.
8.Radloffs Furniture Company returned $400 of merchandise (furniture inventory) for credit against accounts payable.
9.Owners withdrew $3,000 cash from Radloffs Furniture Company.
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