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Pronghorn Corporation provides security services. Selected transactions for Pronghorn are as follows. Oct.1 Issued common stock in exchange for $66,400 cash from investors. 2 Hired
Pronghorn Corporation provides security services. Selected transactions for Pronghorn are as follows. Oct.1 Issued common stock in exchange for $66,400 cash from investors. 2 Hired part-time security consultant. Salary will be $1,940 per month. First day of work will be October 15 . 4 Paid one month of rent for building for $1,940. 7 Purchased equipment for $20,000, paying $4,150 cash and the balance on account. 8 Paid $560 for advertising. 10 Received bill for equipment repair cost of $430. 12 Provided security services for event for $3,450 on account. 16 Purchased supplies for $465 on account. 21 Paid balance due from October 7 purchase of equipment. 24 Received and paid utility bill for $145. 27 Received payment from customer for October 12 services performed. 31 Paid employee salaries and wages of $5,520
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