Question
Lita Lopez invested $66,000 cash and equipment valued at $33,000 in the company in exchange for its common stock. The company purchased a building for
Lita Lopez invested $66,000 cash and equipment valued at $33,000 in the company in exchange for its common stock.
The company purchased a building for $44,000 cash.
The company purchased equipment for $5,100 cash.
The company purchased $3,400 of supplies and $1,200 of equipment on credit.
The company paid $810 cash for advertising expenses.
The company completed a financial plan for a client and billed that client $4,100 for the service.
The company designed a financial plan for another client and immediately collected a $9,000 cash fee.
The company paid $1,600 cash in dividends to the owner (sole shareholder).
The company received $3,100 cash as partial payment from the client described in transaction f.
The company made a partial payment of $600 cash on the equipment purchased in transaction d.
The company paid $1,600 cash for the secretarys wages for this period.
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