Sandra Robinson started her own consulting firm, Robinson Consulting Inc., on May 1, 2022. The following...
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Sandra Robinson started her own consulting firm, Robinson Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. Stockholders invested $16,500 cash in the business in exchange for common stock. May 1 2 Paid $660 for office rent for the month. 3 Purchased $550 of supplies on account. 5 Paid $165 to advertise for the month in the County News. 9 Performed services for customer for $1,540 cash. 12 Paid $220 cash dividend. 15 Performed $4,620 of services on account. 17 Paid $2,750 for employee salaries. 20 20 22 23 Paid for the supplies purchased on account on May 3. Received a cash payment of $1,320 for services performed on account on May 15. Borrowed $5,500 from the bank on a note payable. Purchased office equipment for $2,200 paying $220 in cash and the balance on account. 26 29 50 30 Paid $204 for utilities. Sandra Robinson started her own consulting firm, Robinson Consulting Inc., on May 1, 2022. The following transactions occurred during the month of May. Stockholders invested $16,500 cash in the business in exchange for common stock. May 1 2 Paid $660 for office rent for the month. 3 Purchased $550 of supplies on account. 5 Paid $165 to advertise for the month in the County News. 9 Performed services for customer for $1,540 cash. 12 Paid $220 cash dividend. 15 Performed $4,620 of services on account. 17 Paid $2,750 for employee salaries. 20 20 22 23 Paid for the supplies purchased on account on May 3. Received a cash payment of $1,320 for services performed on account on May 15. Borrowed $5,500 from the bank on a note payable. Purchased office equipment for $2,200 paying $220 in cash and the balance on account. 26 29 50 30 Paid $204 for utilities.
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