Team Universe Gmaes Inc, is a new corporate started on January 1,2015 the following transactions occurred during the first years of operations

On April 6, 2015, the company obtained a note from the bank for $96,000. $8,000. These salaries will be paid in June. on May 31. startup of the company in the amount of $5,200. c. d. On May 31, salaries were accrued for time worked in May in the amount of e. On June 15, 2015, the company paid cash to employees for salaries accrued f. On July 12, 2015, the company paid cash for legal fees associated with the g. On September 6, 2015, the company sold $29,000 of merchandise to a large customer. The customer paid cash for half of the transaction and put the other half on its credit account with the vendor (ignore the inventory and cost of goods sold entry of this transaction) On November 1, 2015, the customer that purchased goods on September 6 paid off its credit account balance of $14,500 with cash. On December 14, 2015, the company made a S10.400 cash payment towards its outstanding bank note balance. h. i. Print Done