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a. Owner invested $16,500 cash in the business. b. Paid premium for two-year insurance policy, $1,500. c. Purchased a van valued at $35,000 with $5,000
a. Owner invested $16,500 cash in the business. b. Paid premium for two-year insurance policy, $1,500. c. Purchased a van valued at $35,000 with $5,000 down payment; the balance to be paid over three years. d. Paid the rent for the month, $900. e. Purchased $470 of supplies for cash. f. Cash sales for the month, $8,750. g. Billed credit customers $14,200 for monthly services. h. Paid monthly utility bill, $210. i. Owner withdrew $2,200 for personal use. j. Received payments of $3,300 from credit customers
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