Question
1.Stockholders invest $45,000 in cash in starting a real estate office operating as a corporation.2.Purchased $550 of supplies on credit.3.Purchased equipment for $24,500, paying $3,800
1.Stockholders invest $45,000 in cash in starting a real estate office operating as a corporation.2.Purchased $550 of supplies on credit.3.Purchased equipment for $24,500, paying $3,800 in cash and signed a 30-day, $20,700, note payable.4.Real estate commissions billed to clients amount to $4,200.5.Paid $900 in cash for the current month's rent.6.Paid $275 cash on account for office supplies purchased in transaction 2.7.Received a bill for $850 for advertising for the current month.8.Paid $3,300 cash for office salaries.9.Paid $1,950 cash dividends to stockholders.10.Received a check for $2,100 from a client in payment on account for commissions billed in transaction 4.
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