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EZ Curb Company completed the following transactions during 2010. The annual accounting period ends December 31, 2010. Jan. 8 Purchased merchandise on account at a
EZ Curb Company completed the following transactions during 2010. The annual accounting period ends December 31, 2010. |
Jan. 8 | Purchased merchandise on account at a cost of $14,000. (Assume a perpetual inventory system.) |
17 | Paid for the January 8 purchase. |
Apr. 1 | Received $40,000 from National Bank after signing a 12-month, 6 percent, promissory note. |
June 3 | Purchased merchandise on account at a cost of $18,000. |
July 5 | Paid for the June 3 purchase. |
Aug. 1 | Rented out a small office in a building owned by EZ Curb Company and collected six months |
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