Answered step by step
Verified Expert Solution
Question
1 Approved Answer
June 1 Invested cash in Norman Environmental Services and recrived common stock $49500 June 2 Borrowed from the First Bank of Baltimore and signed a
June 1 Invested cash in Norman Environmental Services and recrived common stock $49500 June 2 Borrowed from the First Bank of Baltimore and signed a promissory note $59500 June 3 Purchased Supplies with Cash $1125 June 4 Purchased a computer from a lacal office supply store on account $1150 June 5 Provided tutorial services on account for 3 students $2415 June 5 Paid rent for the month $950 June 6 Placed and paid for an ad in a newspaper to run this month $260 June 7 Paid the office supply store fully for the computer purchased on June 4 June 8 Received $220 cash from tutorial services provided on account on June 5 June 15 Provided additional tutorial services to students for cash $390 June 30 Determined that $490 of supplies was remaining June 30 Declared and paid dvidends in the amount of $590 SHAMINA TUTORIAL SERVICES Summary of Transactions Month of March 2013 Stockholders Equity Liabilities Date Cash Account Receivable Beginning balance 1-Jun 2-Jun 3-Jun 4-Jun So S0 5jun 7-jun 15-jun Ending balance e to search 5 6 8 T. DFG HUK
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started