At the beginning of March, Sunland Software Company had Cash of $11,569, Accounts Receivable of $17,774, Accounts Payable of $4,157, and G. Sunland, Capital of $25,186. During the month of March, the following transactions occurred. 1. Purchased equipment for $23,334 from Digital Equipment. Paid $4,934 cash and signed a note payable for the balance. 2. Received $11,653 from customers for contracts billed in February. 3. Paid $2,812 for March rent of office space. 4. Paid $2,420 of the amounts owing to suppliers at the beginning of March. 5. Provided software services to Kwon Construction Company for $7,413 cash. 6. Paid BC Hydro $900 for energy used in March. 7. G. Sunland withdrew $5,492 cash from the business. 8. 1 Paid Digital Equipment $1,932 on account of the note payable issued for the equipment purchased in transaction 1. Of this, $92 was for interest expense. 9. Hired an employee to start working in April. 10. Incurred advertising expense on account for March, $1,598. Prepare a tabular analysis of the above transactions. The first row contains the amounts the company had at the beginning of March.
At the beginning of March, Sunland Software Company had Cash of $11,569,
1. Purchased equipment for $23,334 from Digital Equipment. Paid $4,934 cash and signed a note payable for the balance.
2. Received $11,653 from customers for contracts billed in February.
3. Paid $2,812 for March rent of office space.
4. Paid $2,420 of the amounts owing to suppliers at the beginning of March.
5. Provided software services to Kwon Construction Company for $7,413 cash.
6. Paid BC Hydro $900 for energy used in March.
7. G. Sunland withdrew $5,492 cash from the business.
8. 1 Paid Digital Equipment $1,932 on account of the note payable issued for the equipment purchased in transaction 1. Of this, $92 was for interest expense.
9. Hired an employee to start working in April.
10. Incurred advertising expense on account for March, $1,598.
Prepare a tabular analysis of the above transactions. The first row contains the amounts the company had at the beginning of March.
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