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  3. nguyen invested $45,000 in cash to start the busin

Nguyen invested $45,000 in cash to start the business. Paid $12,000 for the current months...

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Accounting

Nguyen invested $45,000 in cash to start the business. Paid $12,000 for the current months rent. Bought furniture for $21,160 in cash. Performed services for $16,400 in cash. Paid $2,500 for the monthly telephone bill. Performed services for $28,000 on credit. Purchased equipment, a computer and copier, for $36,000; paid $14,400 in cash immediately with the balance due in 30 days. Received $14,000 from credit clients. Paid $5,600 in cash for office cleaning services for the month (debit miscellaneous expense). Purchased furniture, office chairs, for $11,600; received credit terms of 30 days. Purchased equipment for $44,000 and paid half of this amount in cash immediately; the balance is due in 30 days. Issued a check for $18,800 to pay salaries. Performed services for $29,000 in cash. Performed services for $32,000 on credit. Collected $16,000 on accounts receivable from charge customers. Issued a check for $5,800 in partial payment of the amount owed for office chairs. Paid $1,450 to a duplicating company f

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