Question 12 Nona Curry started her own consulting firm, Kingbird, Inc., on May 1, 2017. The following transactions occurred during the month of May. May 1 Stockholders invested $15,600 cash in the business in exchange for common stock. 2 Paid $624 for office rent for the month. 3 Purchased $520 of supplies on account. Paid $156 to advertise for the month in the County News. Received $1,456 cash for services performed. 12 Paid $208 cash dividend. 15 Performed $4,368 of services on account. 17 Paid $2,600 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,248 for services performed on account on May 15. 26 Borrowed $5,200 from the bank on a note payable. 29 Purchased office equipment for $2,080 paying $208 in cash and the balance on account. 30 Paid $187 for utilities.

Question 12 Nona Curry started her own consulting firm, Kingbird, Inc., on May 1, 2017. The following transactions occurred during the month of May. May 1 Stockholders invested $15,600 cash in the business in exchange for common stock. 2 Paid $624 for office rent for the month. 3 Purchased $520 of supplies on account. Paid $156 to advertise for the month in the County News. Received $1,456 cash for services performed. 12 Paid $208 cash dividend. 15 Performed $4,368 of services on account. 17 Paid $2,600 for employee salaries. 20 Paid for the supplies purchased on account on May 3. 23 Received a cash payment of $1,248 for services performed on account on May 15. 26 Borrowed $5,200 from the bank on a note payable. 29 Purchased office equipment for $2,080 paying $208 in cash and the balance on account. 30 Paid $187 for utilities.

Name: Question 12Nona Curry started her own consulting firm, Kingbird, Inc.
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Description: Question 12Nona Curry started her own consulting firm, Kingbird, Inc., on May 1, 2017. The following transactions occurred during the month of May.May 1Stockholders invested $15,600 cash in the business in exchange for common stock.2Paid $624 for of

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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