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The entrepreneur invested $62,000 cash in the company along with $23,000 of equipment in exchange for its common stock. The company paid $1,900 cash for
- The entrepreneur invested $62,000 cash in the company along with $23,000 of equipment in exchange for its common stock.
- The company paid $1,900 cash for rent of office space for the month.
- The company purchased $15,000 of additional equipment on credit (payment due within 30 days).
- The company completed work for a client and immediately collected $1,800 cash.
- The company completed work for a client and sent a bill for $8,100 to be received within 30 days.
- The company purchased additional equipment for $6,800 cash.
- The company paid an assistant $3,800 cash as wages for the month.
- The company collected $4,100 cash as a partial payment for the amount owed by the client in transaction e.
- The company paid $15,000 cash to settle the liability created in transaction c.
- The company paid $1,000 cash in dividends to the owner (sole shareholder).
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