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Record the Note: Any expenses less than $500 should be classified as Miscellaneous.. 2/1 Paid rent, $2,000. 2/2 Made loan payments of $300 and
Record the Note: Any expenses less than $500 should be classified as Miscellaneous.. 2/1 Paid rent, $2,000. 2/2 Made loan payments of $300 and $1,000. 2/3 2/4 2/5 2/6 2/6 2/8 2/9 2/10 2/11 Cash received from debtors (accounts receivable), $12,800. Bought inventory worth $3,500 and paid cash. Paid for payroll amounted to $1,500. Purchased additional equipment for $10,000; paid $2,000 cash and the rest on Cash sales recorded at $16,800 and $12,300 on credit sales. Bought office supplies, $400. Paid creditors, $3,000. Mr. Adams decided to invest in the business and he contributed $35,000. Joe Withdrew $2,000 from the business. 2/13 Cash sales for the week, $15,900. 2/13 Credit sales for the week, $11,700. 2/15 Purchased additional furniture on account, $3,000. 2/17 Payroll amounted to $1,500 was paid. 2/18 Purchased inventory worth $6,800 on account. 2/18 Paid creditors, $6,000. 2/19 Paid advertising expense, $1,200. 2/20 2/21 2/21 2/22 Sales recorded at $24,000; of which $15,000 were cash and the rest on credit. Paid for plumbing work at the restaurant, $450. Paid for additional wiring, $460. Bought paper goods (plates, containers, etc.) $340. 2/23 Received cash from debtors, $3,450. 2/24 Paid creditors, $4,000. 2/25 Paid for linen supplies (rental) $800. 2/26 Bought table candles, $230. 2/27 Sales recorded at $16,800 cash and $13,400 credit. 2/28 Paid utilities expense, $640.
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