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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 Green,
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 $ 37,100 in the business. | |
2 | Purchased supplies on account for $ 580. | ||
5 | Purchased equipment for $ 10,600 by signing a note payable due in three months. | ||
9 | Provided services of $ 15,900. Of this amount, $ 8,000 was received in cash. The balance was on account. | ||
14 | Paid salaries of $ 1,300. | ||
15 | Paid Jason Green $ 4,600 for his personal use. | ||
19 | A customer paid $ 2,600 in advance for services to be provided next month. | ||
22 | Paid the balance owing for the supplies purchased on August 2. | ||
25 | Collected the $ 7,900 of the amount owing from the August 9 transaction. | ||
26 | Paid office expense of $ 3,400. | ||
30 | Paid interest of $ 50 on the note payable signed on August 5. |
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