On March 1, 2012, Mitch Quade established Mitch Realty, which completed the following transactions during the month: (a) Mitch Quade transferred cash...
hopsjhOn March 1, 2012, Mitch Quade established Mitch Realty, which completed the following transactions during the month:
(a) Mitch Quade transferred cash from a personal bank account to an account to be used for the business in exchange for capital stock, $18,000.
(b) Purchase supplies on account, $1,200.
(c) Earned sales commission, receiving cash, $14,000.
(d) Paid rent on office and equipment for the month, $2,800.
(e) Paid creditor on account, $750.
(f) Paid office salaries, $3,000.
- 11 years ago
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