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Novak Corporation provides security services. Selected transactions for Novak are as follows. Oct. 1 Issued common stock in exchange for $66,200 cash from investors.
Novak Corporation provides security services. Selected transactions for Novak are as follows. Oct. 1 Issued common stock in exchange for $66,200 cash from investors. 2 Hired part-time security consultant. Salary will be $1,920 per month. First day of work will be October 15. 4 Paid one month of rent for building for $1,920. 7 8 10 10 Purchased equipment for $18,950, paying $3,950 cash and the balance on account. Paid $860 for advertising. Received bill for equipment repair cost of $350. 12 Provided security services for event for $3,420 on account. 16 16 Purchased supplies for $405 on account. Paid balance due from October 7 purchase of equipment. 21 24 Received and paid utility bill for $145. 27 Received payment from customer for October 12 services performed. 31 Paid employee salaries and wages of $5,360.
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