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Accounting Problem On March 1, 2017, Laredo Auto Rental, Inc was organized The following tramactions occurred during April 2017 April 1-The owner invested $200,000 in
Accounting Problem On March 1, 2017, Laredo Auto Rental, Inc was organized The following tramactions occurred during April 2017 April 1-The owner invested $200,000 in the company along with equipment that had a market value of $20,000 in exchange for common stock April 2-A company office and garage were located. The rent of $1.600 was paid for the month April 3-Sie cars were taken on a monthly lease that totaled $1,200 and was paid for April 4-Fuel and other supplies for the month was purchased on credit, $3,200 Apr 6-Car rental fees of $18,200 were charged to customers and these were received April 8-Office stationery worth $1.200 was bought on credit. This should be treated as an expense (This amount is due on May 6 April 9-Miscellaneous expenses of $2,400 were paid Apr 12-Land, near the airport, for a future permanent site, to include an office and parking beys, was purchased bon a savings and an association by borowing $150 0 Interest payments are due at the end of each month beginning May 1 April 14-Car vental fees of $12.600 were charged to customers (This amount is due on Mary 10 April 16-Salaries of $4,000 for the month were paid April 18-Listy charges of $1,000 for the month were paid April 24-Car repairs of $1,000 were undertaken and paid to a local mechanic Apr 28 Anew computer system was leased for $600 (the bill will be paid on May 18 April 30-Adividend payment of $1,200 was paid to the owner that asacation The lan To answer the questions that follow, you will need to a propare a summary of the above and post the transacions using accounts, (h prepare an income statement for the month of April 2017, and (e prepare a Based on the information above what is the cash balance for Laredo Auto Rental on Apr 30, 2017 $200,000 O$216,200 O $205.000 $201.000 O$220,000 A Moving another question will save thi P12 F10 Seckspace Delete Bed Tage Spots Sa 4
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