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On April 1, Patricia Johnson established Crane's Travel Agency. The following transactions were completed during the month. Shareholders invested NT$16,000 cash in the business
On April 1, Patricia Johnson established Crane's Travel Agency. The following transactions were completed during the month. Shareholders invested NT$16,000 cash in the business in exchange for ordinary shares. 1. 2. Paid NT$500 cash for April office rent. 3. Purchased equipment for NT$2,100 cash. 4. Incurred NT$600 of advertising costs for Facebook ads, on account. 5. 6. Paid NT$800 cash for office supplies. Performed services worth NT$10,000: NT$3,300 cash is received from customers, and the balance of NT$6,700 is billed to customers on account. 7. Declared and paid NT$600 dividend. 8. Paid Facebook NT$400 of the amount due in transaction (4). 9. Paid employees' salaries NT$2,800. 10. Received NT$3,700 in cash from customers who have previously been billed in transaction (6).
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