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Exercise 2-17 a-c Bonita Security Company provides security services. Selected transactions for Bonita are presented below. Oct. 1 2 4 7 8 10 Invested $61,000
Exercise 2-17 a-c Bonita Security Company provides security services. Selected transactions for Bonita are presented below. Oct. 1 2 4 7 8 10 Invested $61,000 cash in the business. Hired part-time security consultant. Salary will be $2,200 per month. First day of work will be October 15. Paid one month of rent for building for $2,200. Purchased equipment for $16,000, paying $3,000 cash and the balance on account. Paid $600 for advertising. Received bill for equipment repair cost of $350. Provided security services for event for $3,200 on account. Purchased supplies for $500 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $158. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $4,500. 12 16 21 24 27 31 Post the transactions to T-accounts. (Post entries in the order presented in the problem statement. If ending balance is O enter o for the normal balance for the account.) Cash V V V V V v V V Accounts Receivable Supplies
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