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Current Attempt in Progress Selected transactions for Flint, an interior decorator corporation, in its first month of business, are as follows. 1. Issued stock
Current Attempt in Progress Selected transactions for Flint, an interior decorator corporation, in its first month of business, are as follows. 1. Issued stock to investors for $16,400 in cash. 2. Purchased used car for $10,100 cash for use in business. 3. Purchased supplies on account for $350. 4. Billed customers $3,700 for services performed. 5. Paid $150 cash for advertising at the start of the business. 6. Received $1,510 cash from customers billed in transaction (4). 7. Paid creditor $390 cash on account. 8. Paid dividends of $370 cash to stockholders.
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