Question
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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