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Swifty Corporation provides security services. Selected transactions for Swifty Corporation are presented below. Oct. 1 2 4 7 8 10 12 16 21 24 27 31 Issued common stock in exchange for $77,900 cash from investors. Hired part-time security consultant. Salary will be $2,400 per month. First day of work will be October 15. Paid 1 month of rent for building for $2,400. Purchased equipment for $ 21,200, paying $4,700 cash and the balance on account. Paid $2,500 for advertising. Received bill for equipment repair cost of $ 500. Provided security services for event for $3,800 on account. Purchased supplies for $480 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $175. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $ 6,000.

Swifty Corporation provides security services. Selected transactions for Swifty Corporation are presented below. Oct. 1 2 4 7 8 10 12 16 21 24 27 31 Issued common stock in exchange for $77,900 cash from investors. Hired part-time security consultant. Salary will be $2,400 per month. First day of work will be October 15. Paid 1 month of rent for building for $2,400. Purchased equipment for $ 21,200, paying $4,700 cash and the balance on account. Paid $2,500 for advertising. Received bill for equipment repair cost of $ 500. Provided security services for event for $3,800 on account. Purchased supplies for $480 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $175. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $ 6,000.

FINANCIAL ACCOUNTING
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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Swifty Corporation provides security services. Selected transactions for Swifty Corporation are presented below. Oct. 1 2 4 7 8 10 12 16 21 24 27 31 Issued common stock in exchange for $77,900 cash from investors. Hired part-time security consultant. Salary will be $2,400 per month. First day of work will be October 15. Paid 1 month of rent for building for $2,400. Purchased equipment for $ 21,200, paying $ 4,700 cash and the balance on account. Paid $2,500 for advertising. Received bill for equipment repair cost of $ 500. Provided security services for event for $3,800 on account. Purchased supplies for $480 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $175. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $ 6,000.
Transcribed Image Text:Swifty Corporation provides security services. Selected transactions for Swifty Corporation are presented below. Oct. 1 2 4 7 8 10 12 16 21 24 27 31 Issued common stock in exchange for $77,900 cash from investors. Hired part-time security consultant. Salary will be $2,400 per month. First day of work will be October 15. Paid 1 month of rent for building for $2,400. Purchased equipment for $ 21,200, paying $ 4,700 cash and the balance on account. Paid $2,500 for advertising. Received bill for equipment repair cost of $ 500. Provided security services for event for $3,800 on account. Purchased supplies for $480 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $175. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $ 6,000.
SWIFTY CORPORATION Trial Balance Debit Credit
Transcribed Image Text:SWIFTY CORPORATION Trial Balance Debit Credit
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