Question
Following are the transactions for ABC Computer Service's first month of business, September 2018: Sept1The owner invested $10,000 into the business in exchange for common
Following are the transactions for ABC Computer Service's first month of business, September 2018:
Sept1The owner invested $10,000 into the business in exchange for common stock.
4Purchased equipment for $2,800 in cash.
7Purchased supplies on credit for $460.
10Performed programming services, and received payment of $3,300.
15Received cash for programming services to be performed in October, $1,900.
18Paid the rent for September, $550
20Billed a customer for programming services performed, $1,630.
27Paid employee wages of $3,000.
27Collected $900 from customer billed on Sept. 20th
28Paid $1,800 for a one -year insurance policy beginning October, 1.
28Supplies used during the month amounted to $125.
Determine total current assets on September 30,2018:
A.$10,815
B.$11,715
C.$9,015
D.$9,915
E.$13,615
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