Issued common stock in exchange for $64,700 cash from investors. 2 Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15. 4 Paid 1 month of rent for building for $2,000. 7 Purchased equipment for $17,600, paying $3,900 cash and the balance on account. Paid $1,600 for advertising. Received bill for equipment repair cost of $410. Provided security services for event for $3, 100 on account. Purchased supplies for $400 on account. Oct. 1 10 12 16 21 Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $145. Received payment from customer for October 12 services performed. 24 27

Issued common stock in exchange for $64,700 cash from investors. 2 Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15. 4 Paid 1 month of rent for building for $2,000. 7 Purchased equipment for $17,600, paying $3,900 cash and the balance on account. Paid $1,600 for advertising. Received bill for equipment repair cost of $410. Provided security services for event for $3, 100 on account. Purchased supplies for $400 on account. Oct. 1 10 12 16 21 Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $145. Received payment from customer for October 12 services performed. 24 27

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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