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Kaffen Company, a ski tuning and repair shop, opened on November 1, 2013. The company carefully kept track of all its cash receipts and cash
Kaffen Company, a ski tuning and repair shop, opened on November 1, 2013. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the ski season, April 30, 2014.
| Cash Receipts | Cash Payments | |||
| Issuance of common shares | $19,600 | |||
| Payment to purchase repair shop equipment | $ 9,100 | |||
| Rent payments | 1,260 | |||
| Newspaper advertising payment | 340 | |||
| Utility bill payments | 830 | |||
| Part-time helper |
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