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The following transactions occurred during the month: a. Kelso deposited $45,000 in a bank account in the name of the business. b. Paid the rent
The following transactions occurred during the month: a. Kelso deposited $45,000 in a bank account in the name of the business. b. Paid the rent for the current month, $1,800, Ck. No. 2001. c. Bought office desks and filing cabinets for cash, $790, Ck. No. 2002. d. Bought a computer and printer (Office Equipment) from Cyber Center for use in the business, $2,700, paying $1,700 in cash and placing the balance on account, Ck. No. 2003 . e. Bought a neon sign on account from Signage Co., $1,350. f. Kelso invested her personal computer software with a fair market value of $600 in the business. g. Received a bill from Country News for newspaper advertising, $365. h. Sold services for cash, $1,245. i. Received and paid the electric bill, $345, Ck. No. 2004. j. Paid on account to Country News, a creditor, \$285, Ck. No. 2005. k. Sold services for cash, $1,450. I. Paid wages to an employee, $925, Ck. No. 2006. m. Received and paid the bill for the city business license, \$75, Ck. No. 2007 (Miscellaneous Expense). n. Kelso withdrew cash for personal use, $850, Ck. No. 2008. o. Bought printer paper and letterhead stationery on account from Office Aids, $115. B. Kelso, Capital B. Kelso, Drawing Computer Wizards Trial Balance November 30, 20
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