Question
a. Owner invested $25,000 cash in her business. b. Paid office rent of $1,800 cash for the month which will be fully used up
a. Owner invested $25,000 cash in her business. b. Paid office rent of $1,800 cash for the month which will be fully used up this month (not considered prepayment) c. Hired a receptionist at a salary of $1,500 per month, employee does not start until next month. d. Purchased (and fully used up) $1,500 of general operating supplies (paper, pens, staples, etc.) on account. e. Provided services and billed customer $7,200 for services performed. f. Received $4,500 cash as advance payment from a customer for work to be done next month. g. Received cash of $2,000 from ABC customer for services already provided in "e" above. h. Paid Wages owed of $2,500. i. Of the general operating supplies listed above in line "d", paid $1,500 of that balance to the vendor.
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