Question
June 1 T. James, owner, invested $21,000 cash in Sustain Company in exchange for common stock. June 2 The company purchased $14,000 of furniture made
June 1 T. James, owner, invested $21,000 cash in Sustain Company in exchange for common stock.
June 2 The company purchased $14,000 of furniture made from reclaimed wood on credit.
June 3 The company paid $2,600 cash for a 12-month prepaid insurance policy on the reclaimed furniture.
June 4 The company billed a customer $13,000 for sustainability services provided.
June 12 The company paid $14,000 cash toward the payable from the June 2 furniture purchase.
June 20 The company collected $13,000 cash for services billed on June 4.
June 21 T. James invested an additional $20,000 cash in Sustain Company in exchange for common stock.
June 30 The company received $15,000 cash in advance of providing sustainability services to a customer.
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