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Question 1 of 6 15 Steve Hall started a snow removal and landscaping business he called Wildhorse Services Selected transactions for Wildhorse Services are
Question 1 of 6 15 Steve Hall started a snow removal and landscaping business he called Wildhorse Services Selected transactions for Wildhorse Services are listed below. 1. Steve transferred his used pickup truck valued at $3,600 into the business 2 Steve opened a bank account in the name of Wildhorse Services and invested $2.640 cash in the business 3 Purchased a used snow plow from a dealer for $1.550. paying half as a down payment and half on account 4 Plowed the parking lot of a local mall and billed the mall management company $8-10. 5. Paid for fuel for the truck. $130 6 Plowed three neighbours driveways and immediately got paid $70 each. 7 Collected in full the invoice billed to the mall management company from #4 above. Paid balance owing on the purchase of the snow plow 9. Purchased a new lawn mower for $860, paying 10% down payment in cash, with the remainder on account. 10. Paid for business cellphone charges of $45. 11 Purchased $330 of lawn maintenance supplies for cash 12 Billed customers $1.120 for lawn maintenance services completed 13. Paid balance owing on lawn mower purchase 14 Collected $805 from customers for services previously billed 15. Steve withdrew $1.135 cash for personal use. 16 Provided lawn maintenance services totaling $1.205 for several clients-one client whose bill is $185 pays cash, and the remainder are on account.
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