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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Here are selected transactions of the
Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] Here are selected transactions of the Castillo Shipping Service. DATE March 1, 20X1 March 2, 20X1 March 3, 20X1 March 4, 20X1 March 5, 20xX1 March 6, 20X1 March 7, 20X1 March 8, 20X1 March 9, 20x1 March 10, 20X1 TRANSACTIONS The owner made an additional investment of $50,300 in cash. Purchased supplies for $4,950 on credit. Issued a check for $4,800 to pay the monthly rent. Provided services for $7,860 on credit. Performed services for $18,950 in cash. Issued a check for $3,150 to pay a creditor on account. Purchased new equipment for $10,100 and paid for it immediately by check. Collected $5,560 from credit customers. Sent a check for $1,405 to the utility company to pay the monthly bill. Gave a cash refund of $955 to a customer because of a lost package (the customer previously paid in cash).
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