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where did the $ 5,400 came from for the capital? Tim Sheridan started Sheridan Roof Repairs on April 2, 2024, by investing $4,180 cash in
where did the $ 5,400 came from for the capital?
Tim Sheridan started Sheridan Roof Repairs on April 2, 2024, by investing $4,180 cash in the business. During April, the following
transactions occurred:
Apr. 6
15
25
Purchased supplies for $1,860 cash.
Repaired a roof for a customer and collected $780 cash
Received $2,560 cash in advance from a customer for roof repairs to his house and garage.
On April 30, 2024, the following information was available:
1.
2.
3.
At April 30, services of $780 were provided but were neither billed nor recorded.
There is $980 of supplies on hand.
Of the $2,560 received on April 25, the company has provided services of $980 by completing repairs to the garage roof.
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