Question 4 of 4

Quest'on a of 4 View Policies Current Attempt in Progress You arc presented with the following transactions for Paddick Enterprises Ltd. for the month Of February: Feb. 2 Purchased supplies on account, $500. 3 Purchased equipment for $11,000 by signing a bank loan due in three months. 6 13 18 20 23 24 Earned service revenue of $53,000. Of this amount, $35,000 was received in cash. The balance was on account. Declared and paid $400 of dividends to shareholders. A customer paid $1, 700 in advance for services to be performed next month. Paid the amount owing for the supplies purchased on February 2. Collected $18,000 of the amount owing from the February 6 transaction. Paid office expenses for the month. $22,000.