Question
I have the same layout as this persons just with defferent values: here are the values feb.5 :Shelton deposited $55,000 in a new business bank
I have the same layout as this persons just with defferent values: here are the values
feb.5 :Shelton deposited $55,000 in a new business bank account titled Alex
Shelton, CPA. The business issued common stock to Shelton
6
6: Paid $400 cash for letterhead stationery for new office.
7
7: Purchased office furniture for the office onaccount, $9,200.
10
10: Consulted with tax client and received $4,000 for services rendered.
11
11: Paidutilities, $340.
12
12: Finished tax hearings on behalf of a client and submitted a bill for accountingservices, $18,000.
18
18: Paid officerent, $1,750.
25
25: Received amount due from client that was billed on February 12
27
Paid full amount of accounts payable created onFebruary 7.
29
29
29: Cash dividends of $3800
$3,800 were paid to stockholders.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started