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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
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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Assets = Liabilities Accounts Common Equity Accounts Office Office Receivable Supplies Equipment Payable Date 03-août 05-août 07-août 09-août 11-août Cash Stock Dividends Revenue Expenses 13-août 16-août 18-août 19-août 22-août 23-août 26-août 27-août Totals Income Statement
Transcribed Image Text:Assets = Liabilities Accounts Common Equity Accounts Office Office Receivable Supplies Equipment Payable Date 03-août 05-août 07-août 09-août 11-août Cash Stock Dividends Revenue Expenses 13-août 16-août 18-août 19-août 22-août 23-août 26-août 27-août Totals Income Statement
Ban Ki-moon contributed $25,000 and office equipment worth $10,000 to start Consulting Corp. 8/5 8/3 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 office 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.
Transcribed Image Text:Ban Ki-moon contributed $25,000 and office equipment worth $10,000 to start Consulting Corp. 8/5 8/3 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 office 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.
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