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Ali Omar opened a yard care business, Omars Yard Care, on March 31, 2020. The following activities occurred during his first month of operations: Ali

Ali Omar opened a yard care business, Omars Yard Care, on March 31, 2020. The following activities occurred during his first month of operations:

  1. Ali Omar invested $5,300 cash and $20,000 of equipment to start his business, Omars Yard Care.
  2. Purchased various supplies on account; $2,600.
  3. Bought supplies on credit; $1,050.
  4. Omar signed a $5,000 contract to do yard work beginning in May.
  5. Did work for a client on account; $650.
  6. Performed services for a customer on credit; $1,100.
  7. Paid $300 for the supplies purchased in (c).
  8. Paid $350 for advertising online.
  9. Collected the amount owed from the customer in (f).

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