Question
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
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
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
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