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Huang Trucking Company was organized on January 1. At the end of the first quarter (three months) of operations, the owner prepared a summary of

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Huang Trucking Company was organized on January 1. At the end of the first quarter (three months) of operations, the owner prepared a summary of ts activities as shown in the first row of the following tabulation 1. For each of the six transactions given in this tabulation, enter what you consider the correct amounts. The first transaction is thustrated. (Amounts to be deducted and losses/outflows should be indicated with Required: a minus sign) Computation of Income Cash $ 67,000 43.000 Summary of Transactions Services performed for customers, 567/000, of which 24.000 remained un collected d at the end of the quarter Cash borrowed from the local bank, 547,000 one year note) Smal service truck purchased at the end of the quarter to be used in the business for two years Marting the next quarter cost $ 700 cash d Wages eamed by employees, 122.500, of which one-hall remained unpaid at the end of the quarter Service supplies purchased for use in the business, $4,700 cash, of which $1,980 were used (lon hand at the end of the quarter Other operating expenses, $30.000, of which 57,100 remained unpaidat the end of the quarter Based only on these transactions, compute the following for the quarter Income for loss) Cash inflow for outflow)

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