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Julia Dumars is a licensed CPA. During the first month of operations of her business, Wildhorse Co., the following events and transactions occurred. May 1
Julia Dumars is a licensed CPA. During the first month of operations of her business, Wildhorse Co., the following events and transactions occurred.
May 1 | Stockholders invested $ 20,100 cash in exchange for common stock. | |
2 | Hired a secretary-receptionist at a salary of $ 2,300 per month. | |
3 | Purchased $ 2,300 of supplies on account from Vincent Supply Company. | |
7 | Paid office rent of $ 750 cash for the month. | |
11 | Completed a tax assignment and billed client $ 2,900 for services performed. | |
12 | Received $ 2,500 advance on a management consulting engagement. | |
17 | Received cash of $ 1,800 for services performed for Orville Co. | |
31 | Paid secretary-receptionist $ 2,300 salary for the month. | |
31 | Paid 50% of balance due Vincent Supply Company.![]() |
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