Mahan Inc. Transactions 1- Mr. Smith, deposited, $90,000 in a bank account in the name of Mahan Inc. to start a new business on Nov 1, 2019 2- His Accountant issued $2,500 check on Nov 1 to the landlord for Nov rent. 3- The accountant issued $4,000 check to purchase a computer on Nov 5,2019 4. They purchased office equipment on account for $5,000 on Nov 10. 5- The accountant issued a check for $2,500 to purchase office supplies on Nov 10. 6- The accountant issued a check for $1,500 on Nov 15. (For the equipment purchased on Nov 10). 7- The accountant issued a check on Nov 16 for $5,000 to pay rent for the months of December and January. 8- In Nov 17, the company earned a total of $46,000 in revenue from a client for consulting services (The client has paid the whole amount) 9. On Nov 18, the company earned $21,000 of revenue (The Customer will pay in 30 days) 10-On Nov 19, the company paid $9,000 salaries. Element of Competency: 1. Process Bills. 2. Save Expenses