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The following transactions occurred during the month: a. Schwartz deposited $46,000 in a bank account in the name of the business. b. Paid the rent
The following transactions occurred during the month: a. Schwartz deposited $46,000 in a bank account in the name of the business. b. Paid the rent for the current month, $1,745, Ck. No. 2001. c. Bought office desks and filing cabinets for cash, $665, Ck. No. 2002. d. Bought a computer and printer (Office Equipment) from Cyber Center for use in the business, \$2,510, paying \$1,305 in cash and placing the balance on account, Ck. No. 2003 . e. Bought a neon sign on account from Signage Co., $1,125. f. Schwartz invested her personal computer software with a fair market value of $575 in the business. g. Received a bill from Country News for newspaper advertising, $375. h. Sold services for cash, $1,135. i. Received and paid the electric bill, $350, Ck. No. 2004. j. Paid on account to Country News, a creditor, \$295, Ck. No. 2005. k. Sold services for cash, $1,225. I. Paid wages to an employee, $925, Ck. No. 2006 . m. Received and paid the bill for the city business license, \$70, Ck. No. 2007 (Miscellaneous Expense). n. Schwartz withdrew cash for personal use, $750, Ck. No. 2008. o. Bought printer paper and letterhead stationery on account from Office Aids, $100. Accounts Payable Supplies Computer Software B. Schwartz, Capital B. Schwartz, Drawing office Equipment Neon Sign Rent Expense Utilities Expense Income from Services Wages Expense Advertising Expense Miscellaneous Expense
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