Chapati Company started business on January $1,2020.$ Some of the events that occurred in its first year of operations follow:

Transactions

An insurance policy was purchased

During the year, inventory costing

Sales to customers totalled $$208,0$

Payments to suppliers for inventor

Collections from customers on acc

Customers paid $$23,000$ in advanc

Equipment that cost

Wages totalling $$50,000$ were para

The board of directors declared div