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Selected transactions for Landsdowne Ltd during its first month in business are presented below. Sept. 1Issued shares in exchange for $15,000 cash received from investors.Sept.
Selected transactions for Landsdowne Ltd during its first month in business are presented below.
Sept. 1Issued shares in exchange for $15,000 cash received from investors.Sept. 5Purchased equipment for $10,000, paying $6,000 in cash and the balance on account.Sept. 25Paid $3,000 cash on balance owed for equipment.Sept. 30Paid $500 cash dividend.
Landsdowne Ltd's chart of accounts shows: Cash, Equipment, Accounts payable, Share capital, and Dividends.
Complete the following table:
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