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plz do them all and i will give a like! Transactions - January 18: The owners invested $198,000 (the par value of the stock) into
plz do them all and i will give a like!
Transactions - January 18: The owners invested $198,000 (the par value of the stock) into the business and acquired 22,000 shares of common stock in return. - February 1: Spring bought factory equipment in the amount of $25,000. The company took out a long-term note from the bank to finance the purchase. - February 28: The company paid cash for rent to cover the 12-month period from March 1, 2022, through February 28,2023 , in the amount of $36,000. - March 1: Spring purchased supplies in the amount of $32,000 on account. - March 22: Spring recorded sales revenue in the amount of $180,000. Half of this amount was received in cash and half was paid on account. Ignore cost of goods sold. - May 1: Spring received cash payments to pay off all the customer accounts. - May 29 The company paid wages of $30,000 in cash. - July 12: Spring recorded sales revenue in the amount of $160,000, all of which was paid in cash. Ignore cost of goods sold. - July 31: Spring paid $750 cash for interest on the note taken out on February 1. - August 8. Spring paid off the balance owed to a supplier for the purchase made on March 1. - September 1: Spring paid $9,000 cash for utilities - October 14. Spring paid wages of $26,000 in cash. - Novemher 10 Snrina recorded sales revenue in the amount of $229000 Step by Step Solution
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