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Ann opened an Office Cleaning Service company on January 1 , 2 0 2 5 . During 2 0 2 5 she had the following
Ann opened an Office Cleaning Service company on January During she had the following transactions.
She started the business with investing $ of her own money business was organized as corporation
She borrowed $ from the bank by issuing a year note.
She purchased $ of furniture and equipment in cash.
She purchased a truck for business use at $ in cash.
During the year, provided $ services to customers of which $ was collected, the rest was not yet collected as of Dec. st
During the year, she incurred $ of salaries expense of which $ was still not paid as of Dec. st
During the year, she paid $ interest on the note to the Bank
During the year, she took $ as dividend.
During the year, she collected $ interest from bank on company account
During the year, purchased $ of supplies in cash. $ of the supplies was left as of Dec. st
During the last week of the year, she sold $ of unnecessary equipment in cash at cost
During the last week of the year, she collected $ from a customer for services to be rendered next year.
Depreciation on equipment for the year was estimated to be $
During the year, she paid $ of rent.
During the year, the company paid $ to IRS for income tax expense.
Compute Anns total expenses for the year.
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