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RaShawn McBride services computers and decided to open a business named McBride Computer Repair Shop. Listed below are the transactions of his first month
RaShawn McBride services computers and decided to open a business named "McBride Computer Repair Shop". Listed below are the transactions of his first month of Problem 2-1 operations. Feb. 2 Feb. 2 Feb. 3 Feb. 3 Feb. 4 Feb. 5 Feb. 6 Feb.9 Feb.10 Feb. 12 Feb. 13 RaShawn McBride invested $75,000 in the business. Paid 3 months rent at the rate of $1,500/month. Purchased office equipment on account, $1,500. Purchased insurance for the year, $2,000. Purchased 2 computers for his business use, $5,000 cash. Established an account with a computer equipment supplier. Purchased computer repair equipment, $2,500 on account. Hired a computer technician and promised a biweekly salary of Provided services to a large company, on account $10,000. Provided services and collected $2,500. Purchased office supplies, $150 cash. $2,000. 20
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