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Bramble Corp. provides security services. Selected transactions for Bramble Corp. are presented below. Oct. 1 Issued common stock in exchange for $50,000 cash from investors.
Bramble Corp. provides security services. Selected transactions for Bramble Corp. are presented below.
Oct. 1 | Issued common stock in exchange for $50,000 cash from investors. | |
2 | Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15. | |
4 | Paid 1 month of rent for building for $2,000. | |
7 | Purchased equipment for $14,000, paying $3,000 cash and the balance on account. | |
8 | Paid $500 for advertising. | |
10 | Received bill for equipment repair cost of $300. | |
12 | Provided security services for event for $2,500 on account. | |
16 | Purchased supplies for $350 on account. | |
21 | Paid balance due from October 7 purchase of equipment. | |
24 | Received and paid utility bill for $120. | |
27 | Received payment from customer for October 12 services performed. | |
31 | Paid employee salaries and wages of $4,001. |
Question: Post the transactions to T-accounts.
I've gotten this problem wrong a few times now, as I don't know where things are supposed to be placed. Some of them are duplicated...??
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