Question
Doris Srervarr srarted her practice as a design consultant on Septembe r 1, 2015 . During the first monrl of operations, t}re business completed fie
Doris Srervarr srarted her practice as a design consultant on Septembe r 1, 2015 . During the first monrl of operations, t}re business completed fie follorving transacrions: Sep. 1 Received $42,000 cash and gave capital to Stewart. 4 Purchased office supplies, $700, and furniture. $1,900, on account. 6 Performed services for a law f irm and received $ 1,400 cash. 7 Paid $24,000 cash to acquire land to be used in operations. 10 Performed services for a hotel and received its promise to pay the $1,000 within one week. 14 Paid for the furniture purchased on September 4 on account. 1 5 Paid assistantS semimonthly salary $ 1,490. 17 Received cash on account, $400. 20 Prepared a design for a school on account, $700. 25 Received $1,800 cash for design services to be performed in October. 28 Received $2,100 cash for consulting with Plummer & Gordon. 29 Paid $ 1 ,200 cash for a 12-month insurance policy starting on October 1 . 30 Paid assistantb semimonthly salary $ 1 ,490. 30 Paid monthly rent expense, $650. 30 Received a bill for utilities, $350. The bill will be paid next month. 30 Stewart withdrew cash of $3,000.
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