solve this transaction 1. The owner invested additional $50,000 cash on...
90.2K
Verified Solution
Link Copied!
Question
Accounting
solve this transaction
1. The owner invested additional $50,000 cash on October 3 2. Received $40,000 from the customer owed you from previous month 3. Paid office rent $25,000 cash on October 5 4. Paid Accounts Payable $30,000 on October 11 5. Paid $8,000 advertising expenses by cash on October 12 6. Paid $4,000 for maintenance expenses by cash on October 15 7. Purchase additional office supplies by check $10,000 on October 15 8. The owner withdraws $10,000 from the business on October 17 9. Paid accrued expense $15,000 on October 25 10. Accrued $5,000 utility expense at the end of the month 11. The bank charges of $150 for check printing at the end of the month 1. The owner invested additional $50,000 cash on October 3 2. Received $40,000 from the customer owed you from previous month 3. Paid office rent $25,000 cash on October 5 4. Paid Accounts Payable $30,000 on October 11 5. Paid $8,000 advertising expenses by cash on October 12 6. Paid $4,000 for maintenance expenses by cash on October 15 7. Purchase additional office supplies by check $10,000 on October 15 8. The owner withdraws $10,000 from the business on October 17 9. Paid accrued expense $15,000 on October 25 10. Accrued $5,000 utility expense at the end of the month 11. The bank charges of $150 for check printing at the end of the month
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: Zin AI - Your personal assistant for all your inquiries!