Question
) At month-end: A review of the $48,000 unadjusted balance in the prepaid rent account shows a remaining alance of $46,750 at the end of
) At month-end: A review of the $48,000 unadjusted balance in the prepaid rent account shows a remaining alance of $46,750 at the end of the month. ) January 15: Global Filter Corp. paid this month's $450 utilities bill received today. ) At month-end: $4,950 of the television advertising paid for in advance has been used. ) January 2: Kevin Smith (a shareholder), received share capital in Global Filter Corp., after investing equipment nd supplies into the business worth $40,000 and $15,000, respectively. ) January 15: Performed consulting services today and collected $600. January 5: Kevin Smith, a shareholder of Global Filter Corp., received share capital after having transferred to me business a building worth $68,000 and the $10,000 remaining balance of the related short-term note payable. ) January 23: Kevin Smith (a shareholder), received share capital in Global Filter Corp., after investing $70,000 ash into the business. January 5: Global Filter Corp. returned $100 of defective supplies today that were originally purchased for ash. January 5: Global Filter Corp. paid a $1,250 bill received today for an advertising campaign that ran last week. At month-end: The monthly depreciation on the furniture is $230. January 7: Global Filter Corp. used credit to purchase $900 of supplies. January 10: Kevin Smith, a shareholder of Global Filter Corp., received share capital after investing furniture orth $11,000 and a building worth $67,000 into the business. ) January 17: $1,400 in dividends were declared and paid to the shareholders of the business. At month-end: This month's advertising bill for $2,000 is unrecorded and unpaid. January 7: Global Filter Corp. will pay the $1,750 advertising bill received today within 30 days. ALE
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