March 1 SeverCos stockholders invested $30,000 cash in the company. ...
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Accounting
March
1
SeverCos stockholders invested $30,000 cash in the company.
2
The company purchased $25,000 in construction equipment. It paid $5,000 in cash and signed a note payable promising to pay the $20,000 over the next three years.
2
The company rented office space and paid $1,000 cash for the March rent.
6
The company bought office supplies in the amount of $750 for use over the next two months.
7
The company completed a landscaping job for a customer on credit in the amount of $7,500.
8
The company purchased a $2,500 riding lawn mower for the business on credit.
9
The company completed landscaping work for additional customers in the amount of $10,000, immediately collecting cash.
15
The company paid its landscaping and administrative employees salaries of $3,750 for the first half of the month.
17
The company installed a new pond and waterfall feature for a customer and immediately collected $3,500.
20
The company received $7,500 in payments from the customers billed on March 7.
28
The company paid $1,000 on the lawn mower purchased on March 8. It will pay the remaining balance in May.
31
The company paid its employees salaries of $3,750 for the second half of the month.
31
The company paid a vendor $2,500 for landscaping supplies purchased and used during March.
31
The company paid $325 cash for this months utility bill.
SeverCo Construction
ASSETS
=
LIABILITIES
+
STOCKHOLDERS' EQUITY
Date
Cash
Accounts Receivable
Equipment
Accounts Payable
Notes Payable
Capital Stock
Dividends
Revenue
Expenses
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