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Impact on Equity $ SK Transaction Sept 1) Venedict invested $60,000 cash along with office equipment valued at $25,000 in exchange for common stock of
Impact on Equity $ SK Transaction Sept 1) Venedict invested $60,000 cash along with office equipment valued at $25,000 in exchange for common stock of a new company named HV Consulting Sept 3) The company purchased land valued at $40,000 and a building valued at $160.000. The purchase is paid with $30,000 cash and a long-term note payable for $170,000 Sept 5) The company purchased $2,000 of office supplies on credit Sept 7) Venedict invested her personal automobile in the company in exchange for more common stock. The automobile has a value of $16.500 and is to be used exclusively in the business Sept 9) The company purchased 55 600 of additional office equipment on credit Sept 11) The company paid 51 800 cash salary to an assistant Sept 13) The company provided services to a client and collected 58.000 cash Sept 15). The company paid $635 cash for this month's utilities Sept 17) The company paid $2,000 cash to settle the account payable created on September 5 Sept 19) The company purchased 520 300 of new office equipment by paying $20, 300 cash Sept 21) The company completed 56,250 of services for a client, who must pay within 30 days payable created on September 5 Sept. 19) The company purchased $20,300 of new office equipment by paying 520,300 cash Sept 21) The company completed $6.250 of services for a client, who must pay within 30 days. Sept 23) The company paid $1,800 cash salary to an assistant Sept 25) The company received $4.000 cash in partial payment on the receivable created on September 21 Sept 27) The company paid $2,800 cash in dividends Total impact on equity 0
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