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E2-7 Rockford Enterprises Ltd. had the following selected transactions. 1. Kris Rockford invested 5,500 cash in the business in exchange for ordinary share 2. Paid

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E2-7 Rockford Enterprises Ltd. had the following selected transactions. 1. Kris Rockford invested 5,500 cash in the business in exchange for ordinary share 2. Paid office rent of 1,100. 3. Performed consulting services worth 4,700 on account. 4. Declared and paid a 400 cash dividend. E2-7 Rockford Enterprises Ltd. had the following selected transactions. 1. Kris Rockford invested 5,500 cash in the business in exchange for ordinary share 2. Paid office rent of 1,100. 3. Performed consulting services worth 4,700 on account. 4. Declared and paid a 400 cash dividend

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