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please help with this question! thank you Issued 4,600 shares of Clean Sweep common stock for $16,120. Each share has a $1.50 par Borrowed $9,000
please help with this question!
thank you
Issued 4,600 shares of Clean Sweep common stock for $16,120. Each share has a $1.50 par Borrowed $9,000 on a 2-year, 6% note payable Paid $11,180 to purchase used floor and window cleaning equipment from a company going out of business ($5,120 was for the floor equipment and $6,060 for the window equipment) Feb. 1 1 1 Paid $270 for February Internet and phone services 3 Purchased cleaning supplies for $1,220 on account. 4 Hired 4 employees. Each will be paid $600 per 5-day work week (Monday- Friday). Employees will begin working Monday, February 9 Obtained insurance coverage for $11,040 per year. Coverage runs from February 1, 2017, through January 31, 2018. Karen paid $2,760 cash for the first quarter of coverage Discussions with the insurance agent indicated that providing outside window cleaning services would cost too much to insure. Karen sold the window cleaning equipment for $4,900 caslh 5 16 Billed customers $4,840 for cleaning services performed through February 13, 2017 17 Received $432 from a customer for 4 weeks of cleaning services to begin February 21, 2017 18 Paid $370 on amount owed on cleaning supplies 20 23 Billed customers $5,330 for cleaning services performed through February 20 24 Paid cash for employees' wages for 2 weeks (February 9-13 and 16-20) 25 Collected $3,100 cash from customers billed on February 16 27 Paid $270 for Internet and phone services for March. 28 Declared and paid a cash dividend of $0.35 per share Paid $3 per share to buy 300 shares of Clean Sweep common stock from a shareholder who disagreed with management goals. The shares will be held as treasury sharesStep by Step Solution
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