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On February 1, 200X, Arati Naik started Rite Company had the following transactions in February: (a) Naik invested 14,000 cash in the company's , a

On February 1, 200X, Arati Naik started Rite Company had the following transactions in February: (a) Naik invested 14,000 cash in the company's , a wedding planning service. share capital. (b) Bought two pieces of office equipment for cash, 6,000 (0 Provided services for cash, 29,000. Statement Periods and Ofe The (d) Bought office supplies on credit, 1,500. (e) Billed customers for services, 7,500, (1) Used office supplies, 7800. (8) Collected payment from customers billed in (e), 6,800. (h) Paid for office supplies bought in (d) on account, 1.200. (1) Billed customers for services, 72,100. Paid Naik's salary, 76,000. (k) Paid office rent for

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