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Wickers Restoration Services had the following transactions on May. 1. Received $48,000 from sale of common stock. 2. Paid rent on office for the month,
Wickers Restoration Services had the following transactions on May.
1. | Received $48,000 from sale of common stock. |
2. | Paid rent on office for the month, $880. |
3. | Purchased supplies on account, $1,750. |
4. | Earned fees, receiving cash, $12,600. |
5. | Paid creditor on account, $1,000. |
6. | Paid automobile expenses for month, $375, and miscellaneous expenses, $250. |
7. | Paid office salaries for the month, $3,900. |
8. | Earned fees which the customer will pay next month, $2,400. |
9. | Determined that the cost of supplies used was $280. |
10. | Paid dividends, $2,400. |
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