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Accounting Data Appendix The following events occurred in May of 20XX: May 1^(st) : The owner contributed $50,000 in cash, and borrowed $50,000 through a

Accounting Data Appendix\ The following events occurred in May of 20XX:\ May

1^(st)

: The owner contributed

$50,000

in cash, and borrowed

$50,000

through a 5 year loan at the local bank to start the business.\ May 1st: The owner paid May's rent on the new office space,

$1500

\ May

3^(rd )

: Owner contributed office equipment to the business at a value of

$2750

\ May

5^(th )

: Owner performed cash services for clients today totally

$4500

\ May

6^(th )

: Owner performed service for client on account in the amount of

$750

\ May

8^(th )

: Owner paid local paper

$2400

for advertising services for the year starting in June.\ May 10th: Owner provided services to client on account, in the amount of

$1725

\ May 12th: Owner purchased office supplies in the amount of

$1250

\ May

20^(th: )

The owner received first utility bill in the amount of

$135

; due in June\ May

20^(th: )

: Received payments from customers on outstanding accounts

$750

\ Mey

23^(rd )

: Owner withdrew

$500

cash for personal use\ May

24^(th)

; Provided services for customer, on account, in the amount of

$2000
image text in transcribed
The following events occurred in May of 20XX: May 1s : The owner contributed $50,000 in cash, and borrowed $50,000 through a 5 year loan at the local bank to start the business. May 1st: The owner paid May's rent on the new office space, $1500 May 3rd : Owner contributed office equipment to the business at a value of $2750 May 5th : Owner performed cash services for clients today totally $4500 May 6th : Owner performed service for client on account in the amount of $750 May 8th : Owner paid local paper $2400 for advertising services for the year starting in June. May 10th: Owner provided services to client on account, in the amount of $1725 May 12th: Owner purchased office supplies in the amount of $1250 May 20th : The ovmer received first utility bill in the amount of $135; due in June May 20th: Received payments from customers on outstanding accounts $750 Mey 23rd : Owner withdrew $500 cash for personal use Mey 24bit; Provided services for customer, on account, in the amount of $2000 The following events occurred in May of 20XX: May 1s : The owner contributed $50,000 in cash, and borrowed $50,000 through a 5 year loan at the local bank to start the business. May 1st: The owner paid May's rent on the new office space, $1500 May 3rd : Owner contributed office equipment to the business at a value of $2750 May 5th : Owner performed cash services for clients today totally $4500 May 6th : Owner performed service for client on account in the amount of $750 May 8th : Owner paid local paper $2400 for advertising services for the year starting in June. May 10th: Owner provided services to client on account, in the amount of $1725 May 12th: Owner purchased office supplies in the amount of $1250 May 20th : The ovmer received first utility bill in the amount of $135; due in June May 20th: Received payments from customers on outstanding accounts $750 Mey 23rd : Owner withdrew $500 cash for personal use Mey 24bit; Provided services for customer, on account, in the amount of $2000

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