Question
The Symphony Company started operations in June and had the following transactions. Observe them and find what amount of total assets the company has at
The Symphony Company started operations in June and had the following transactions. Observe them and find what amount of total assets the company has at the end of the month?
June 1 - Invested 45000 to start Symphony
June 1 - Purchased a 12-month policy for 3000
June 12- Purchased 500 rupees of supplies on account
June 20- customers paid for rs 400 of services in advance
June 25-completed 3200 services for another customer
June 30- paid 6800 in employee payroll
At the end of the month rs, 125 of supplies were on still hand
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
