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Borrowed $840,000 cash, signing a promissory note. Bought a building for $1,080,000, paying $250,000 in cash and signing a promissory note for $830,000. Rented equipment
- Borrowed $840,000 cash, signing a promissory note.
- Bought a building for $1,080,000, paying $250,000 in cash and signing a promissory note for $830,000.
- Rented equipment at a cost of $24,000 per month and issued a check covering rent for six months.
- Provided $175,000 of services and billed customers.
- Purchased $58,000 of supplies on account.
- Received a utility bill for the current period in the amount of $4,000.
- Raised sales prices on 200 units from $420 per unit to $580 per unit.
- Received a 50% deposit from a customer on a $48,000 order to be filled next month.
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