8/3 Ban Ki-moon contributed $25,000 and office equipment worth $10,000 to start Consulting Corp. 8/5 Consulting Corp. (CC) paid $600 for August insurance. 8/7 CC paid $3,000 to purchase office equipment. 8/9 CC provided $7,500 of services on account for CustomerCo. 8/11 CC received a $200 invoice for August cell phone service. 8/13 CC provided services and received $4,000. 8/16 CC received $7,500 from CustomerCo for services provided 8/9. 8/18 CC purchased $400 of ofice supplies on account. 8/19 CC paid $2,000 to the company's administrative assistant. 8/22 CC paid dividends of $2,200. 8/23 CC paid $400 for the supplies purchased on 8/18. 8/26 CC paid August utilities of $150. 8/27 CC paid $1,500 for this month's rent.

8/3 Ban Ki-moon contributed $25,000 and office equipment worth $10,000 to start Consulting Corp. 8/5 Consulting Corp. (CC) paid $600 for August insurance. 8/7 CC paid $3,000 to purchase office equipment. 8/9 CC provided $7,500 of services on account for CustomerCo. 8/11 CC received a $200 invoice for August cell phone service. 8/13 CC provided services and received $4,000. 8/16 CC received $7,500 from CustomerCo for services provided 8/9. 8/18 CC purchased $400 of ofice supplies on account. 8/19 CC paid $2,000 to the company's administrative assistant. 8/22 CC paid dividends of $2,200. 8/23 CC paid $400 for the supplies purchased on 8/18. 8/26 CC paid August utilities of $150. 8/27 CC paid $1,500 for this month's rent.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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