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Sonya Gomez recently started her own cabinet repair business. Transactions for the first month of operations (March 2019) are as follows. 1) Sonya invested $14,200
Sonya Gomez recently started her own cabinet repair business. Transactions for the first month of operations (March 2019) are as follows. 1) Sonya invested $14,200 cash in the business. 2) Paid two months of rent for $1,000 in advance. 3) Purchased store equipment worth $3,900 with cash. 4) Incurred business registration expenses, paid with $750 cash. 5) Paid travel expenses with $1,270 cash. 6) Received $2,750 cash from customers for cabinet repair services performed during the month. 7) Provided cabinet repair services worth $1,570 on account. 8) Paid $1,260 to an assistant. 9) Borrowed $1,940 cash from the bank. 10) Received $730 in bills for utilities to be paid next month. 11) Sonya withdrew $580 cash for personal purposes. 12) Received $590 owing from a customer for service provided earlier this month
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