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a) Avery Wilson (a shareholder), received share capital in Zcom Inc., after investing $60,000 of equipment into the business. b) Avery Wilson, a shareholder
a) Avery Wilson (a shareholder), received share capital in Zcom Inc., after investing $60,000 of equipment into the business. b) Avery Wilson, a shareholder of Zcom Inc., received share capital after investing furniture worth $6,000 and a building worth $34,000 into the business. c) Avery Wilson (a shareholder), received share capital in Zcom Inc., after investing $85,000 of supplies into the business. d) Zcom Inc. used $1,000 cash and $3,250 credit to purchase new equipment worth $4,250. e) $4,200 of supplies purchased on credit in an earlier transaction were found to be defective. They were returned. f) Zcom Inc. rented machinery to a customer on credit; $900. g) Zcom Inc. used credit to purchase $300 of supplies. h) Zcom Inc. will pay the $1,000 advertising bill received today within 30 days. i) Furniture was rented by a customer for $1,500 cash. i) Zcom Inc. purchased a $20,500 truck by borrowing the amount from the bank through a short-term note payable. k) Zcom Inc. returned $4,000 of defective supplies today that were originally purchased for cash. 1) $1,200 of furniture purchased on credit in an earlier transaction was found to be damaged. Zcom Inc. returned. it to the supplier. m) The bill for the $500 advertising campaign that ran last week was received today and paid. n) Zcom Inc. paid this month's $250 utilities bill received today. o) Zcom Inc. received a bill today for this month's utilities; $350. It will be paid within 30 days. ALE
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