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Thao Le opened an advertising firm on March 1, 2024. During the month of March, the business completed the following transactions: Mar 1 The
Thao Le opened an advertising firm on March 1, 2024. During the month of March, the business completed the following transactions: Mar 1 The business sold $60,000 of common shares to open the firm, Le & Associates Inc. Purchased supplies, $275, and furniture, $2,100, on account. 5 Performed accounting service for a client and received cash, $2,200. 8 Paid cash to acquire land for a future office site, $22,000. 11 Prepared tax returns for a client on account, $1,500. 14 Paid assistant's salary, $1,200. 16 Paid $1,750 on account. 19 Received $850 cash for accounting services performed. 23 Billed a client for $1,800 of accounting services. 28 Received $400 from client on account.
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