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At the beginning of March, Oriole Software Company had Cash of $11,870, Accounts Receivable of $18,179, Accounts Payable of $4,006, and G. Oriole, Capital of
At the beginning of March, Oriole Software Company had Cash of $11,870, Accounts Receivable of $18,179, Accounts Payable of $4,006, and G. Oriole, Capital of $26,043. During the month of March, the following transactions occurred. 1. Purchased equipment for $22,945 from Digital Equipment. Paid $2,145 cash and signed a note payable for the balance. 2. Received $12,270 from customers for contracts billed in February. 3. Paid $2,954 for March rent of office space. 4. Paid $2,463 of the amounts owing to suppliers at the beginning of March. 5. Provided software services to Kwon Construction Company for $7,416 cash. 6. Paid BCHydro$1,030 for energy used in March. 7. G. Oriole withdrew $5,007 cash from the business. 8. Paid Digital Equipment $2,184 on account of the note payable issued for the equipment purchased in transaction 1. Of this, 8. $104 was for interest expense. 9. Hired an employee to start working in April. 10. Incurred advertising expense on account for March, \$1,751. 4. 5. 6. 7. 8. 9. 10. Total \$ At the beginning of March, Oriole Software Company had Cash of $11,870, Accounts Receivable of $18,179, Accounts Payable of $4,006, and G. Oriole, Capital of $26,043. During the month of March, the following transactions occurred. 1. Purchased equipment for $22,945 from Digital Equipment. Paid $2,145 cash and signed a note payable for the balance. 2. Received $12,270 from customers for contracts billed in February. 3. Paid $2,954 for March rent of office space. 4. Paid $2,463 of the amounts owing to suppliers at the beginning of March. 5. Provided software services to Kwon Construction Company for $7,416 cash. 6. Paid BCHydro$1,030 for energy used in March. 7. G. Oriole withdrew $5,007 cash from the business. 8. Paid Digital Equipment $2,184 on account of the note payable issued for the equipment purchased in transaction 1. Of this, 8. $104 was for interest expense. 9. Hired an employee to start working in April. 10. Incurred advertising expense on account for March, \$1,751. 4. 5. 6. 7. 8. 9. 10. Total \$
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