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I need help with doing the trial Balance, please make sure the response is correct otherwise I will thumbs down J. Aracel, the owner, invested
I need help with doing the trial Balance, please make sure the response is correct otherwise I will thumbs down
- J. Aracel, the owner, invested $155,000 cash, office equipment with a value of $5,500, and $61,000 of drafting equipment to launch the company.
- The company purchased land worth $55,000 for an office by paying $6,900 cash and signing a note payable for $48,100.
- The company purchased a portable building with $57,000 cash and moved it onto the land acquired in b.
- The company paid $3,700 cash for the premium on an 18-month insurance policy.
- The company provided services to a client and collected $7,300 cash.
- The company purchased $25,000 of additional drafting equipment by paying $11,800 cash and signing a note payable for $13,200.
- The company completed $18,000 of services for a client. This amount is to be received in 30 days.
- The company purchased $1,400 of additional office equipment on credit.
- The company completed $22,000 of services for a customer on credit.
- The company purchased $1,566 of TV advertising on credit.
- The company collected $5,000 cash in partial payment from the client described in transaction g.
- The company paid $2,000 cash for employee wages.
- The company paid $1,400 cash to settle the account payable created in transaction h.
- The company paid $945 cash for repairs.
- J. Aracel withdrew $9,760 cash from the company for personal use.
- The company paid $2,100 cash for employee wages.
- The company paid $2,600 cash for advertisements on the Web during June.
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