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The C.P.A., Juan Trovato starts his accounting services business on December 1 of the current year. During the first month of operations the following transactions
The C.P.A., Juan Trovato starts his accounting services business on December 1 of the current year. During the first month of operations the following transactions occurred. He invested $30,000 in the business. from your personal account. He paid $1,200. of rent. You bought supplies on credit for a total of $4,200. He offered bookkeeping services that were paid to him in cash totaling $35,000. Offered bookkeeping services to be paid later totaling $6,400. He paid the following expenses: salaries, $1,000; phone $200; profits, $600. Mr. Trovato withdrew $1,400 from the business for his personal use.
prepare a tabular summary
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