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Metric analysis of transactions Roger Smith established an insurance agency on July 1, 20Y5, and completed the following transactions during July: a. Opened a business
Metric analysis of transactions Roger Smith established an insurance agency on July 1, 20Y5, and completed the following transactions during July: a. Opened a business bank account in the name of Smith Insurance Inc., with a deposit of \\( \\$ 30,000 \\) in exchange for common stock. b. Borrowed \\( \\$ 50,000 \\) by issuing a note payable. c. Received cash from fees earned, \\( \\$ 15,000 \\). d. Paid rent on office and equipment for the month, \\( \\$ 2,500 \\). e. Paid automobile expense for the month, \\( \\$ 1,250 \\), and miscellaneous expense, \\( \\$ 500 \\). f. Paid office salaries, \\( \\$ 3,250 \\). g. Paid interest on the note payable, \\( \\$ 250 \\). h. Purchased land as a future building site, paying cash of \\( \\$ 60,000 \\). i. Paid dividends, \\( \\$ 1,500 \\). i.e, a decrease, be sure to enter the answer with a minus sign
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