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On April 1 of the current year, Morgan Jones established a business to manage rental property. She completed the following transactions during or a. Opened
On April 1 of the current year, Morgan Jones established a business to manage rental property. She completed the following transactions during or a. Opened a business bank account with a deposit of $50,000 in exchange for common stock b. Purchased office supplies on account, $1,800 c. Received cash from fees earned for managing rental property, $22,300 d. Paid rent on office and equipment for the month, $7,000 e. Paid creditors on account, $1,100. f. Billed customers for fees earned for managing rental property, $3,600. 9. Paid automobile expenses for month, $750, and miscellaneous expenses, $1,000 h. Paid office salaries, $4,000 i. Determined that the cost of supplies on hand was $250; therefore, the cost of supplies used was $1,550, j. Pald dividends, $5,000. Bonnirnd Cure Here Antich chrome koffiemonte.008 11.10 Www rom RI . al HOW BRO L DELITLULEU IILIT DELETE D M 3,000 . 1 LIM LO 600 1550 1.800 BONJUNTO 1.000 A
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