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Rapid Pick Up & Delivery, Inc., was organized January 1 . Jan. 1 The company received $ 5 6 0 , 0 0 0 cash

Rapid Pick Up & Delivery, Inc., was organized January 1.
Jan. 1 The company received $560,000 cash and $240,000 of office furniture in exchange for $800,000 of capital stock.
2 Paid garage rent for January, $6,000.
4 Purchased computers on account, $13,200.
6 Purchased delivery trucks for $280,000; payment was made by giving cash of $ 150,000 and a 30-day note for the remainder.
Jan 12 Purchased insurance for January on the delivery trucks. The cost of the policy, $800, was paid in cash.
15 Received and paid January utilities bills, $960.
15 Paid salaries for first half of January, $3,600.
17 Cash received for delivery services to date amounted to $1,800.
20 Received bill for gasoline purchased and used in January, $ 180.
23 Purchased delivery trucks for cash, $108,000.
25 Cash sales of delivery services were $2,880.
27 Purchased a copy machine on account, $3,600.
31 Paid salaries for last half of January, $4,800.
31 Sales of delivery services on account amounted to $11,400.
31 Paid for repairs to a delivery truck, $ 1,120.
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