Question
Dwyer Delivery Service completed the following transactions during of its first month of operations: a. Paul Dwyer, the proprietor of the business, began operation by
Dwyer Delivery Service completed the following transactions during of its first month of operations: a. Paul Dwyer, the proprietor of the business, began operation by investing the business $5000 cash and a truck valued at $10000. b. Paid $200 for supplies. c. Used a company credit card to purchase $50 fuel for the delivery truck. d. Performed delivery services for a customer and received $600 cash. e. Completed a large delivery job, billed the customer $2000, and received a promise to be paid the $2000 within one week. f. Paid employee salary, $800. g. Received $900 cash for performing delivery services. h. Purchased fuel for a ruck on account, $40. i. Received $2000 from a customer on account. j. Paid for advertising in the local newspaper, $170. k. Paid utility bills, $100. l. Purchased fuel for the truck, paying $30 with a company credit card. m. Perform delivery services on account $800. n. Paid for repaired to the delivery truck, $110. o. Paid employee salary, $800, and office rent, $200. p. Paid $120 on account. q. Withdrew $1900 for personal use.
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