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March 1 SeverCos stockholders invested $30,000 cash in the company. 2 The company purchased $25,000 in construction equipment. It paid $5,000 in cash and signed

March

1

SeverCos stockholders invested $30,000 cash in the company.

2

The company purchased $25,000 in construction equipment. It paid $5,000 in cash and signed a note payable promising to pay the $20,000 over the next three years.

2

The company rented office space and paid $1,000 cash for the March rent.

6

The company bought office supplies in the amount of $750 for use over the next two months.

7

The company completed a landscaping job for a customer on credit in the amount of $7,500.

8

The company purchased a $2,500 riding lawn mower for the business on credit.

9

The company completed landscaping work for additional customers in the amount of $10,000, immediately collecting cash.

15

The company paid its landscaping and administrative employees salaries of $3,750 for the first half of the month.

17

The company installed a new pond and waterfall feature for a customer and immediately collected $3,500.

20

The company received $7,500 in payments from the customers billed on March 7.

28

The company paid $1,000 on the lawn mower purchased on March 8. It will pay the remaining balance in May.

31

The company paid its employees salaries of $3,750 for the second half of the month.

31

The company paid a vendor $2,500 for landscaping supplies purchased and used during March.

31

The company paid $325 cash for this months utility bill.

SeverCo Construction
ASSETS = LIABILITIES + STOCKHOLDERS' EQUITY
Date Cash Accounts Receivable Equipment Accounts Payable Notes Payable Capital Stock Dividends Revenue Expenses

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