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FEBRUARY TRANSACTIONS: 1. Investment of assets by owner: The owner starts the business investing $15,000 in cash and Equipment valued for $5,000. 2. Purchase
FEBRUARY TRANSACTIONS: 1. Investment of assets by owner: The owner starts the business investing $15,000 in cash and Equipment valued for $5,000. 2. Purchase additional equipment for $3,000 cash. 3. Purchased Supplies $1,550 for credit. 4. Services performed: The company received $1,350 cash from customers. 5. The company received an invoice for maintenance of facilities for $250. The payment of the bill will be postponed for April. 6. Services performed: The company performs services on account for $1,500. 7. The company paid the following expenses for cash: Rent expense $500, Salaries expense $600, Utilities expense $250. 8. Payment of accounts payable: The company paid a portion of liabilities $550 in cash. 9. The company received $1,000 from customers' accounts. 10. The owner of the company withdraw $1,000 for personal use.
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