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APPENDIX Transactions for January, 2003 CPA Associates, Inc. Spreadsheet Project 1/1 Two company owners each invested $12,000($24,000 total) in cash in exchange for capital stock
APPENDIX Transactions for January, 2003 CPA Associates, Inc. Spreadsheet Project 1/1 Two company owners each invested $12,000($24,000 total) in cash in exchange for capital stock in the new company. 1/1 The company paid by check the first month's rent of $4,200 for their fully-furnished office. 1/2 The company purchased \$3,300 worth of supplies on account from Big Office Supply Company. 1/4 Performed work valued at $4,500 for the first customer, ABC Company, and the customer immediately paid that amount. 1/9 Purchased \$1,900 worth of supplies on account from Little Office Supply Company. 1/15 Paid for the supplies purchased on 1/2. 1/16 Billed the second customer, LMNOP Company, for $2,500 work performed that will be paid at a later date. 1/22 Paid $325 for January telephone service. 1/23 Billed the third customer, XYZ Corp. for $6,700 work performed that will be paid at a later date. 1/24 Paid $180 for utilities. 1/26 Received payment from LMNOP Company for services billed on 1/16. 1/30 Paid $2,200 to each of the two stockholders ($4,400 total). 1/31 Inventoried supplies and counted items with a total value of $1,760. Required: Record all transactions to the appropriate journal. Assign fictitious but appropriate receipt numbers, check numbers, and voucher numbers where applicable. Copy values for the income statement, retained earnings statement, and balance sheet from the Financial Statements (Active) worksheet to the Financial Statements (Permanent) worksheet. DO NOT RUN THE MACRO for the end-of-month closing process. I will do that to determine that the macro works correctly. Submit the completed file named AISname.xls via email. The Subject of your email message must be: AIS SS >
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