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I need help with these JE's a. October 1 - The owner contributed $25,000 cash to start her business. b. October 1 - Bought office
I need help with these JE's
a. October 1 - The owner contributed $25,000 cash to start her business. b. October 1 - Bought office equipment for $15,000 and signed a three-year promissory note with a local bank. The annual interest rate is 5%, with monthly payments of $449.56 beginning on November 1 . c. October 1 - Paid for three month's rent in advance $4,500. d. October 2 - Paid the premium for a three-month insurance policy $3,000. e. October 4 - Received cash from clients as an advance payment for work to be performed in the future $6,000. f. October 5 - Purchased supplies on account $5,000. g. October 10 - Paid cash for an advertisement to run in the October newspaper $400. h. October 12 - Made a payment on account $2,000. i. October 12 - Recorded services provided on account for the first half of the month $10,000. j. October 14 - Paid the part-time receptionist $800. k. October 17 - Recorded services to clients who paid with cash for the first half of the month $5,800. 1. October 18 - Paid cash for supplies $550. m. October 20 - Recorded services provided on account $2,000. n. October 24 - Recorded services to clients who paid with cash $3,800. o. October 26 - Received cash from clients on account $7,000. p. October 29 - Paid the part-time receptionist $800. q. October 29 - Paid the October telephone bill $300. r. October 31 - Paid the October electricity bill $275. s. October 31 - Recorded services to clients who paid with cash $2,900. t. October 31 - Recorded services provided on account $3,100. u. October 31 - The owner withdrew $3,000 for personal use. v. October 31 - The bank deducted $50 in bank service charges for October Step by Step Solution
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