Question
Sep. 1 Received $48,000 cash and issued common stock to Simpson. 4 Purchased office supplies, $1,200 , and furniture, $1,300 , on account. 6 Performed
Sep. 1 Received
$48,000
cash and issued common stock to Simpson.\ 4 Purchased office supplies,
$1,200
, and furniture,
$1,300
, on account.\ 6 Performed services for a law firm and received
$1,900
cash.\ 7 Paid
$18,000
cash to acquire land to be used in operations.\ 10 Performed services for a hotel and received its promise to pay the
$1,200
within one week.\ 14 Paid for the furniture purchased on September 4 on account.\ 15 Paid assistant's semimonthly salary,
$1,500
.\ 17 Received cash on account,
$1,000
.\ 20 Prepared a design for a schmol on account,
$650
.\ 25 Received
$2,100
cash for design services to be performed in October.\ 28 Received
$2,900
cash for consulting with Plummer & Gordon.\ 29 Paid
$600
cash for a 12-month insurance policy starting on October 1.\ 30 Paid assistant's semimonthly salary,
$1,500
.\ 30 Paid monthly rent expense,
$600
.\ 30 Received a bill for utilities,
$350
. The bill will be paid next month.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started