Selected transactions for Blue, an interior decorator corporation, in its first month of business, are as follows. Issued stock to investors for $15,700 in cash. Purchased used car for $10,800 cash for use in business. Purchased supplies on account for $370. Billed customers $5,150 for services performed. Paid $270 cash for advertising at the start of the business. Received $1.230 cash from customers billed in transaction (4). Paid creditor $250 cash on account. Paid dividends of $370 cash to stockholders. 1. 2 3. 4. 5. 6. 7. 8.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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record each transactions with working

 

Selected transactions for Blue, an interior decorator corporation, in its first month of business, are as follows.
1.
2.
3.
4.
5.
6.
7.
8.
Issued stock to investors for $15,700 in cash.
Purchased used car for $10,800 cash for use in business.
Purchased supplies on account for $370.
Billed customers $5,150 for services performed.
Paid $270 cash for advertising at the start of the business.
Received $1.230 cash from customers billed in transaction (4).
Paid creditor $250 cash on account.
Paid dividends of $370 cash to stockholders.
Transcribed Image Text:Selected transactions for Blue, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $15,700 in cash. Purchased used car for $10,800 cash for use in business. Purchased supplies on account for $370. Billed customers $5,150 for services performed. Paid $270 cash for advertising at the start of the business. Received $1.230 cash from customers billed in transaction (4). Paid creditor $250 cash on account. Paid dividends of $370 cash to stockholders.
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