2019 December a. Transactions Issued common stock for cash b. Paid cash for three month's rent:...
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2019 December a. Transactions Issued common stock for cash b. Paid cash for three month's rent: December 2019, January and February 2020 C. Purchased a used truck on credit (recorded as an account payable) d. Purchased supplies on credit. These are expected to be used during the month (recorded as expe e. Paid for a one-year truck insurance policy, effective December 1 f. Billed a customer for work completed to date Collected cash for work completed to date . Amount 9,000 2,700 5,000 1,800 2,160 9,000 4,000 g. h. Paid the following expenses in cash: Advertising Interest Telephone Truck operating Wages i. Collected part of the amount billed in f above j. Billed customers for work completed to date k. Signed a contract for work to be performed in January 2020 700 800 700 700 1,000 2,500 7,000 7,000 I. Paid the following expenses in cash: Advertising 900 Interest 800 Truck operating 900 Wages 1,000 m. Collected an advance on work to be done in January (the policy of the coproration is to record such advances as revenue at the the time they are received) 4,000 n. Received a bill for electricity used during the month (recorded as utilities expense) 600 2019 December a. Transactions Issued common stock for cash b. Paid cash for three month's rent: December 2019, January and February 2020 C. Purchased a used truck on credit (recorded as an account payable) d. Purchased supplies on credit. These are expected to be used during the month (recorded as expe e. Paid for a one-year truck insurance policy, effective December 1 f. Billed a customer for work completed to date Collected cash for work completed to date . Amount 9,000 2,700 5,000 1,800 2,160 9,000 4,000 g. h. Paid the following expenses in cash: Advertising Interest Telephone Truck operating Wages i. Collected part of the amount billed in f above j. Billed customers for work completed to date k. Signed a contract for work to be performed in January 2020 700 800 700 700 1,000 2,500 7,000 7,000 I. Paid the following expenses in cash: Advertising 900 Interest 800 Truck operating 900 Wages 1,000 m. Collected an advance on work to be done in January (the policy of the coproration is to record such advances as revenue at the the time they are received) 4,000 n. Received a bill for electricity used during the month (recorded as utilities expense) 600
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