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Bogisich Company was formed on January 1 , 2 0 2 2 , and completed the following transactions during its first month of operations:
Bogisich Company was formed on January and completed the following transactions during its first month of operations:
tableEventDescriptionAcquired $ cash from the issue of commonBorrowed $ cash from the bank.Paid $ in advance to lease office space for Received $ cash in advance for services to bePurchased land for $ cash.Purchased supplies of $ on account.Provided services of $ on account.Collected $ from customers on account.Paid for operating expenses with cash of $Paid $ on accounts payable.Paid a $ cash dividend to the stockholders.
Information for January adjusting entries:
Event Description
The advance payment for rental of office space Event was made on January for a month term.
The cash advance for services to be provided in the future Event was collected on January and the month contract s on that day,
$ of supplies remain on hand at the end of the month.
$ of wages have been earned by employees but not yet paid.
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