Question
Jul.1The following assets were received from Samantha Hogan: cash, $25,700; accounts receivable, $30,200; supplies, $5,100; and office equipment, $12,100. There were no liabilities received.1Paid three
Jul.1The following assets were received from Samantha Hogan: cash, $25,700; accounts receivable, $30,200; supplies, $5,100; and office equipment, $12,100. There were no liabilities received.1Paid three months' rent on a lease rental contract, $8,100.2Paid the premiums on property and casualty insurance policies, $6,100.3Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $10,800.5Purchased additional office equipment on account from Office Necessities Co., $6,900.6Received cash from clients on account, $17,300.10Paid cash for a newspaper advertisement, $680.12Paid Office Necessities Co. for part of the debt incurred on July 5, $4,100.12Provided services on account for the period July 1-12, $19,200.14Paid receptionist for two weeks' salary, $2,000.
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