Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Time left 0:56:03 Joe's Bike Repairs opened for business on November 1, 2021. The following transactions occ November: Nov 1 Joe Amirkhani invested $5,000 cash

Time left 0:56:03 Joe's Bike Repairs opened for business on November 1, 2021. The following transactions occ November: Nov 1 Joe Amirkhani invested $5,000 cash in the business and contributed equipment valued at $2,300. Nov 3 Purchased supplies for cash $560. Nov 5 Completed services for customers who paid cash $400. Nov 6 Paid $660 for a one-year insurance policy. The policy takes effect November 1 and will expire October 31, 2022. Nov 8 Completed services for a major customer and invoiced the customer $1,000. Nov 15 Paid for printing advertising brochures $125. The brochures were distributed the same day. Nov 20 Received a bill from the utilities company for November utilities in the amount of $70. The amount is due December 4. Nov 25 Entered into a contract with a new customer who will use Joe's services for repairs on their entire fleet of rental bikes. The customer paid $800 in advance for repairs to be completed in December. Nov 30 Joe withdrew $1,200 for personal use. Nov 30 Received $600 cash from the customer billed on November 8.
image text in transcribed
Joe's Bike Repairs opened for business on November 1, 2021. The following transactions occ November: Nov 1 Joe Amirkhani invested $5,000 cash in the business and contributed equipment valued at $2,300. Nov 3 Purchosed supplies for cash $560. Nov 5 Completed services for customers who paid cash $400. Nov 6 Paid $660 for a one-year insurance policy. The policy tokes effect November 1 and will expire October 31,2022. Nov 8 Completed services for a major customer and invoiced the customer $1,000. Nov 15 paid for printing advertising brochures \$125. The brochures were distributed the same day. Nov 20 Received a bill from the utilities company for November utilties in the amount of $70. The amount is due December 4 . Nov 25 Intered into a contract with a new customer who will use Joe's services for repairs on their entire fleet of rental bikes. The customer paid $800 in advance for repairs to be completed in December. Nov 30 Joe withdrew $1,200 for personal use. Nov 30 Recelved $600 cash from the customer billed on November 8. Joe's Bike Repairs opened for business on November 1, 2021. The following transactions occ November: Nov 1 Joe Amirkhani invested $5,000 cash in the business and contributed equipment valued at $2,300. Nov 3 Purchosed supplies for cash $560. Nov 5 Completed services for customers who paid cash $400. Nov 6 Paid $660 for a one-year insurance policy. The policy tokes effect November 1 and will expire October 31,2022. Nov 8 Completed services for a major customer and invoiced the customer $1,000. Nov 15 paid for printing advertising brochures \$125. The brochures were distributed the same day. Nov 20 Received a bill from the utilities company for November utilties in the amount of $70. The amount is due December 4 . Nov 25 Intered into a contract with a new customer who will use Joe's services for repairs on their entire fleet of rental bikes. The customer paid $800 in advance for repairs to be completed in December. Nov 30 Joe withdrew $1,200 for personal use. Nov 30 Recelved $600 cash from the customer billed on November 8

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Changing Academics Quality Audit And Its Perceived Impact

Authors: Ming Cheng

1st Edition

3639134273, 978-3639134278

More Books

Students also viewed these Accounting questions

Question

Choose an appropriate organizational pattern for your speech

Answered: 1 week ago

Question

Writing a Strong Conclusion

Answered: 1 week ago