ACC 1800-Accounting Procedures Summer 2017 - Comprehensive Problem - Version Martha Taylor decided to start a new consulting business, which will be known as Enterprises. During her first month of operations the company Martha Taylor entered into the following: June 1 s, $ The following assets were received from Martha: cash, $22,000; supplie furniture $4,700 and equipment, $14,000. There were no liabilities received Paid twelve month's rent on a lease contract, $16,800. Paid the six month premiums on property and casualty insurance policies, $4,500. Hired a receptionist who will earn $550 per week. Received cash from clients as an advance payment for services to be provided in the future; recorded it as unearned service revenue, $6,000. Purchased office equipment on account, $8,220 Paid cash for supplies, $1,100. Borrowed $30,000 from the bank on a short-term note payable. Purchased and paid for land for $28,000. Paid for part of the debt incurred on June 5, $3,000. Record revenue earned on account for the week, $7,200. Paid the part-time receptionist for two weeks' salary, $1,100. Recorded cash revenue earned for the week, $3,800. Paid cash for advertising, $800. Record revenue earned on account for the week, $6,000. es, S1,200 June 1 June 2 June 3 June 4 June 5 June 10 June 11 June 11 June 12 June 12 June 14 June 17 June 18 June 20 June 24 June 26 June 27 June 29 June 29 Record revenue earned on account for the week, $6,000. Recorded cash revenue earned for the week, $2,550. Received cash from clients on account, $6,400. Paid the part-time receptionist for two weeks' salary, $1,100. Paid the telephone bill for June, $200. Received a bill from the attorney for $1,200 in legal fees. The bill will be paid in June 29 June 30 June 30 June 30 Paid the electricity bill for June, $400. Recorded cash revenue earned for the week, $2,800. Record revenue earned on account for the week, $6,000. Martha withdrew $6,000 for personal use