Question
Bolton Company started her own real estate business on April 1, 2020. The following transactions took place on the first month of operation: i. On
Bolton Company started her own real estate business on April 1, 2020. The following transactions took place on the first month of operation: i. On April 1, the owner invests $55,000 in cash in starting her own business ii. On April 2, purchased $400 of office supplies (office materials) on account. iii. On April 5, Purchased office equipment for $8,000, paying $2,000 in cash and signed a 30-day note payable for the rest of the amount. iv. April 10, the company sent bills of $4,000 to its client. v. On April 12, received $3,500 for real estate services that are to be performed on May. vi. On April 15, the company paid cash for the supplies previously purchased on April 2. vii. April 20, Advertising expense of $600 accrued and unpaid for the month. viii. On April 28, Paid $1,000 rent for the month of April. Required: a.
Make a tabular analysis for the above mentioned transactions.
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