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The following selected transactions were completed during February of the current year 1. Billed customers for fees earned, $41,730. 2. Purchased supplies on account, $1,800.
The following selected transactions were completed during February of the current year 1. Billed customers for fees earned, $41,730. 2. Purchased supplies on account, $1,800. 3. Received cash from customers on account, $39,150 4. Paid Creditors on account, $1,100. 5. Owner withdrew $12,000 for personal use 6. Paid $500 for this month Rent. 7. Paid $100 for this month Utilities bill. 8. Paid Salary to employees $3,000 9. Purchase Equipment for Cash $5,000 10. Received Cash $2,500 for services performed. 11. Owner invested $75,000 in business
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