Question
Beye''s Security providcs security services. Sclected transactions for Beyers :presented below. 1-Received $66,000 cash in !he business in exchange for ordinary shares.2-Hired part-time security consultant.
Beye''s Security providcs security services. Sclected transactions for Beyers :presented below. 1-Received $66,000 cash in !he business in exchange for ordinary shares.2-Hired part-time security consultant. Salary will be $2,000 per month. First day of work willbe October 15. 3-Paid one month of rent for building for $2,000. 4-Purchased equipment for $ 18,000, paying $4,000 cash and the balance on account. 5- Paid $500 for advertising. 6- Received bill for equipment repair cost of $390. 7- Provided security scrvices for event for 3,200 on account. 8- Purchased supplies for $410 on account. 9-Paid balance due from October 7 purchase of equipment. 10-Received and paid utility bill for $148. 11- Received payment from customer for October 12 services preformed. 12-Paid employee salaries and wages of $5,100.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started