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Cash Shop Equipment Store Equipment Office Equipment Accounts Payable H. Rose, Capital Income from Services Advertising Expense The following transactions occurred during the month of
Cash Shop Equipment Store Equipment Office Equipment Accounts Payable H. Rose, Capital Income from Services Advertising Expense The following transactions occurred during the month of February: Rose deposited $25,000 cash in a bank account in the name of the business. Bought shop equipment for cash, $1,525, Ck. No. 1000. Bought advertising on account from Milland Company, $325. Bought store shelving on account from Inger Hardware, $750. Bought office equipment from Shara's Office Supply, $625, paying $225 in cash and placing the balance on account, Ck. No. 1001. Paid on account to Inger Hardware, $750, Ck. No. 1002. Rose invested his personal leather working tools with a fair market value of $800 in the business. Sold services for the month of February for cash, $250
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