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Cinda contributed $35,000 (from her personal savings account), her personal law library valued at $20,000, and her personal office furniture valued at $15,000 to start
Cinda contributed $35,000 (from her personal savings account), her personal law library valued at $20,000, and her personal office furniture valued at $15,000 to start her new company. Use a Journal Entry to record this transaction. Paid a business license fee of $250.00 to the City of Santa Fe, 234 West Main Street, Santa Fe, NM 87502. Paid with check number 1001. (Hint: Enter as a Bill and then pay that bill!) Purchased $10,000 of computer equipment (check number 1002) from Best Buy, 2115 Main Street, Modesto, CA 95355. Paid the January rent of $650 and paid a security deposit of $1,300 (Prepaid Rent) to Apex Business Management, 1234 River Road, Santa Fe, NM 87501. Use check number 1003. Paid $3,600 for one year of insurance to Forbes Casualty, 3667 Woodside Drive, Santa Fe, NM 87502, check 1004
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