Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. nov 1 joe amirkhani invested 5000dollar cash in th

Nov 1 joe amirkhani invested 5000dollar cash in the business and contributed equipment valued at...

70.2K

Verified Solution

Question

Accounting

Nov 1 joe amirkhani invested 5000dollar cash in the business and contributed equipment valued at 2300 dollar

image

Joe's Bike Repairs opened for business on November 1, 2021. The following transactions occurred in November: Nov 1 Joe Amirkhani invested $5,000 cash in the business and contributed equipment valued at $2,300. Nov 3Purchased supplies for cash $560. Nov 5 Completed services for customers who paid cash $400. Nov 6 Paid $660 for a one-year insurance policy. The policy takes effect November 1 and will expire October 31, 2022. Nov 8 Completed services for a major customer and invoiced the customer $1,000. Nov 15 Paid for printing advertising brochures $125. The brochures were distributed the same day. Nov 20 Received a bill from the utilities company for November utilities in the amount of $70. The amount is due December 4. Nov 25 Entered into a contract with a new customer who will use Joe's services for repairs on their entire fleet of rental bikes. The customer paid $800 in advance for repairs to be completed in December. Nov 30 Joe withdrew $1,200 for personal use. Nov 30 Received $600 cash from the customer billed on November 8

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

Let ?(?)= (sqrt ?) The local linearization of ? at 49 is ? (subscript) 49(?) =...

Basic Math
1.2K views

Work Exercises 1 and 2 using the formula for the probability density function and a hand...

Biology
1.2K views

do you think that VOCs signaling evovled before or after the evolution of vascular tissue? explain your...

Biology
1.2K views

Enzymes....A. increase the activation energy and the reaction rateE. are used up in a reaction...

Physics
1.2K views

31 An infinite number of charges each of charge 1 C are placed on the...

Basic Math
1.2K views

A nursery sells fertilizer in 25-pound and100-pound bags. If Juliet bought 13 bags of ferti-lizer...

Statistics
1.2K views

Suppose that 43 of voters in St Lucie county support a proposed zoning ordinance Consider...

Calculus
1.2K views

Graph the solution set of the inequality wh x28 ph below

Calculus
1.2K views

sec x y 6 sec ase AWY a The period is Type an exact answer...

Accounting
1.2K views

c. Are management's future...

Finance
1.2K views

Question 29 (1 point) A portfolio had a return of 9% and a volatility of...

Accounting
1.2K views

How does the use of standard costs promote management by exception?