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On April 1, Vagabond Travel Agency Inc. was established. These transactions were completed during the month. 1. Stockholders invested $28,988 cash in the company in
On April 1, Vagabond Travel Agency Inc. was established. These transactions were completed during the month.
1. | Stockholders invested $28,988 cash in the company in exchange for common stock. | |
2. | Paid $513 cash for April office rent. | |
3. | Purchased office equipment for $3,849 cash. | |
4. | Purchased $386 of advertising in the Chicago Tribune, on account. | |
5. | Paid $417 cash for office supplies. | |
6. | Earned $12,518 for services provided: Cash of $3,723 is received from customers, and the balance of $8,795 is billed to customers on account. | |
7. | Paid $245 cash dividends. | |
8. | Paid Chicago Tribune amount due in transaction (4). | |
9. | Paid employees |
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