Dominic Bueno started a delivery business as a sole proprietorship on 7/1/XX under the DBA as Bueno Delivery Services. During the month of July the company had the following transactions:

7/1 The owner invested from his personel account $100,000 in cash into the

business checking account. He also obtained a business credit card. No entries

will be made for credit card puchases until the end of the month when the credit

card bill is received. 7/1 Rented a garage with office space for $5,000 per month

and paidthe first months rent by check.

7/2 A new 2 ton delivery truck was purchased by the company. The

total purchase price including taxes, license and fees was

$115,000. The company paid $15,000 by check as a down

payment and signed a long-term note for five years at an interest

rate of 9% per year for the balance that was owed.

7/6 The company purchased a desktop computer and a printer for a

total price of $1,150 and charge the amount to the businesss credit

card. The computer and printer will have a usefull life of 5 years.

7/8 Picked up and delivered machinery for a client. Sent an Invoice to the client in the amount of $350 for the delivery service with terms Due at End of Month.

7/10 Received a bill for legal services in the amount of $1,200 with terms of Due end of month.

7/12 Entered into a $125,000 one year contract with MachineCo to provide machine delivery services. The contract required that a prepayment of $ 5,000 be made on 7/12 which was received and deposited to the Checking Account. The terms for payment are Due at End of Month.

7/15 Picked up and delivered furniture for a client and sent an invoice to the client $565 with terms Due at End of Month.

7/20 Wrote a check to Mr. Bueno for a personal utility bill in the amount of $2,000.

7/23 Delivered machinery under the terms of the contract signed on 7/12.

7/24 Purchased diesel fuel from a bulk fuel distributor using the

businesss credit card. The total amount owed for the fuel was

$579.

7/31 Received the Credit Card bill with all payments by credit card listed. Full payment is due on 8/26.

7/31 Received payment for the invoice sent on 7/8 and deposited it into the checking account.

7/31 Received payment for the invoice sent on 7/15 and deposited it into the checking account.