Question
Slim R. started a new business, The Slims Co, on January 2022, that sells 2 products P1 and P2. During the first month of operations,
Slim R. started a new business, The Slims Co, on January 2022, that sells 2 products P1 and P2. During the first month of operations, the business completed the following selected transactions: January 2: Slim began the business with an investment of $50.000 cash deposited in the RBC chequing account, land valued at $60.000, and a building valued at $120.000. The business gave him owners equity for the value of the 3 assets. January 3: purchased office supplies on account from Bureau en Gros, $2.600, before taxes. January 4: Purchased office furniture for $5.000, before taxes, paid by credit card January 5: Purchased on account, from Fanzy Co, 100 products P1 at $20 and 200 P2 at $10, before taxes January 12: sold on credit to Aidou &co 80 P1 at $30, before taxes and 150 P2 at $15, before taxes January 15: sold 10 P1 at $40, before taxes, paid by Mastercard. January 20: Received $2000 from Client Aidou as partial payment of the sale of January 15, deposited in the RBC account. January 22: issued a cheque on the RBC account as partial payment to Bureau en Gros for the purchase of supplies on June 3, $800 January 24: received a $2.000 bill for advertising expense that will be paid in the near future January 29: paid the following expenses with 2 separate cheques on the RBC account : o Rent of photocopier: $ 1.700 o Utilities: $400 Slim withdrew $6.500 from RBC account for her personal use
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