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I need help with 3 and 4 Transactions On April 1 of the current year, Andrea Byrd established a business to manage rental property. She
I need help with 3 and 4
Transactions On April 1 of the current year, Andrea Byrd established a business to manage rental property. She completed the following transactions during April: a. Opened a business bank account with a deposit of $45,000 from personal funds. b. Purchased office supplies on account, $2,000. c. Received cash from fees eamed for managing rental property, $8,500. d. Paid rent on office and equipment for the month, $5,000. e. Paid creditors on account, $1,375. f. Billed customers for fees earned for managing rental property, $11,250. g. Paid automobile expenses for month, $840, and miscellaneous expenses, $900. h. Paid office salaries, $3,600. i. Determined that the cost of supplies on hand was s550; therefore, the cost of supplies used was $1,450. j. Withdrew cash for personal use, $2,000 Step by Step Solution
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