Bramble Corporation provides security services. Selected transactions for Bramble are as follows. Issued common stock in exchange for $65,200 cash from investors. Hired part-time security consultant. Salary will be $1,820 per month. First day of work will be October 15. Paid one month of rent for building for $1,820. Purchased equipment for $18,900, paying $5,900 cash and the balance on account. Oct. 1 2 4 7 8 10 12 16 21 24 27 31 Paid $560 for advertising. Received bill for equipment repair cost of $400: Provided security services for event for $3,450 on account. Purchased supplies for $420 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $150. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $5,440.
Bramble Corporation provides security services. Selected transactions for Bramble are as follows. Issued common stock in exchange for $65,200 cash from investors. Hired part-time security consultant. Salary will be $1,820 per month. First day of work will be October 15. Paid one month of rent for building for $1,820. Purchased equipment for $18,900, paying $5,900 cash and the balance on account. Oct. 1 2 4 7 8 10 12 16 21 24 27 31 Paid $560 for advertising. Received bill for equipment repair cost of $400: Provided security services for event for $3,450 on account. Purchased supplies for $420 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $150. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $5,440.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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