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You are presented with the following transactions for J. Green, a sole proprietorship established in the month of August: Aug. 2 The owner, Jason
You are presented with the following transactions for J. Green, a sole proprietorship established in the month of August: Aug. 2 The owner, Jason Green, invested $30,800 in the business. 2 Purchased supplies on account for $480. 5 Purchased equipment for $8,800 by signing a note payable due in three months. 9 Provided services of $13,200. Of this amount, $6,600 was received in cash. The balance was on account. 14 Paid salaries of $1,100. 15 Paid Jason Green $3,800 for his personal use. 19 A customer paid $2,150 in advance for services to be provided next month. 22 Paid the balance owing for the supplies purchased on August 2. 25 Collected the $6,600 of the amount owing from the August 9 transaction. 26 Paid office expense of $2,800. 30 Paid interest of $40 on the note payable signed on August 5.
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