a. The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. b. The company paid $1,200 cash for the just completed two-week salary of the receptionist. c. The company paid $39,000 cash for equipment purchased. d. The company paid $800 cash for this month's utilities. e. The owner (B. Valdez) withdrew $4,500 cash from the company for personal use.
a. The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies. b. The company paid $1,200 cash for the just completed two-week salary of the receptionist. c. The company paid $39,000 cash for equipment purchased. d. The company paid $800 cash for this month's utilities. e. The owner (B. Valdez) withdrew $4,500 cash from the company for personal use.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Prepare general
![a. The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies.
b. The company paid $1,200 cash for the just completed two-week salary of the receptionist.
c. The company paid $39,000 cash for equipment purchased.
d. The company paid $800 cash for this month's utilities.
e. The owner (B. Valdez) withdrew $4,500 cash from the company for personal use.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5acf9f50-50e9-43f9-91fd-c47c90553ccb%2F2661ce76-bd4a-4047-9c23-d8dd2b7b6edb%2Fpwkwe9_processed.png&w=3840&q=75)
Transcribed Image Text:a. The company paid $2,000 cash for payment on a 6-month-old account payable for office supplies.
b. The company paid $1,200 cash for the just completed two-week salary of the receptionist.
c. The company paid $39,000 cash for equipment purchased.
d. The company paid $800 cash for this month's utilities.
e. The owner (B. Valdez) withdrew $4,500 cash from the company for personal use.
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