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ok a. Owner invested $61,000 cash in the company along with $22,000 of equipment in exchange for its common stock. b. The company paid $1,200
ok a. Owner invested $61,000 cash in the company along with $22,000 of equipment in exchange for its common stock. b. The company paid $1,200 cash for rent of office space for the month. c. The company purchased $13,000 of additional equipment on credit (payment due within 30 days). d. The company completed work for a client and immediately collected $2,300 cash. e. The company completed work for a client and sent a bill for $8,000 to be received within 30 days. f. The company purchased additional equipment for $6,200 cash. g. The company paid an assistant $2,400 cash as wages for the month. h. The company collected $4,300 cash as a partial payment for the amount owed by the client in transaction e. i. The company paid $13,000 cash to settle the liability created in transaction c. j. The company paid $1,200 cash in dividends to the owner (sole shareholder).
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