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FusionTech Solutions 1.Issued $200,000 in bonds payable. 2.Purchased office equipment for $50,000. 3.Paid $5,000 for insurance. 4.Provided IT services worth $60,000 (cost $20,000) on credit.
FusionTech Solutions
1.Issued $200,000 in bonds payable.
2.Purchased office equipment for $50,000.
3.Paid $5,000 for insurance.
4.Provided IT services worth $60,000 (cost $20,000) on credit.
5.Paid $25,000 in salaries.
6.Received $50,000 from clients.
7.Paid $3,000 for office maintenance.
Requirement: Record transactions, prepare the general ledger, and create a cash flow statement.
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