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On April 1, Shamrock, Inc. was established. These transactions were completed during the month. Stockholders invested $29,100 cash in the company in exchange for
On April 1, Shamrock, Inc. was established. These transactions were completed during the month. Stockholders invested $29,100 cash in the company in exchange for common stock. 1. 2. Paid $760 cash for April office rent. 3. Purchased office equipment for $3,390 cash. 4. Purchased $330 of advertising in the Chicago Tribune, on account. 5. 6. Paid $540 cash for office supplies. Performed services worth $11,700. Cash of $3,200 is received from customers, and the balance of $8,500 is billed to customers on account. 7. Paid $390 cash dividends. 8. Paid Chicago Tribune amount due in transaction (4). 9. Paid employees' salaries $1,410. 10. Received $8,500 in cash from customers billed previously in transaction (6).
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