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Selected transactions for Pharoah Mill Ltd. during its first month of operations are presented below: Mar. 2 4 10 13 25 27 30 ogress 31
Selected transactions for Pharoah Mill Ltd. during its first month of operations are presented below: Mar. 2 4 10 13 25 27 30 ogress 31 Issued common shares for $9,500 cash. Purchased used car for $1,500 cash and $8,700 on account, for use in the business. Billed customers $2,300 for services performed. Paid $400 cash to advertise business opening. Received $1,500 cash from customers billed on March 10. Paid amount owing for used car purchased on March 4. Received $750 cash from a customer for services to be performed in April. Declared and paid $200 of dividends to shareholders.
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