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Carol Garcia started her own consulting firm, Sheridan Consulting, on May 1, 2020. The following transactions occurred during the month of May. May 1 Trixie
Carol Garcia started her own consulting firm, Sheridan Consulting, on May 1, 2020. The following transactions occurred during the month of May.
May 1 | Trixie invested $6,000 cash in the business. | |
2 | Paid $900 for office rent for the month. | |
3 | Purchased $500 of supplies on account. | |
5 | Paid $100 to advertise in the County News. | |
9 | Received $4,100 cash for services performed. | |
12 | Withdrew $1,100 cash for personal use. | |
15 | Performed $5,000 of services on account. | |
17 | Paid $2,100 for employee salaries. | |
20 | Made a partial payment of $300 for the supplies purchased on account on May 3. | |
23 | Received a cash payment of $3,800 for services performed on account on May 15. | |
26 | Borrowed $5,400 from the bank on a note payable. | |
29 | Purchased equipment for $4,100 on account. | |
30 | Paid $250 for utilities. |
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