Transaction 1: John Smith deposited $30,000 cash into the new business' bank Transaction 2: Borrowed...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Transaction 1: John Smith deposited $30,000 cash into the new business' bank
Transaction 2: Borrowed $10,000 from the bank.
Transaction 3: Bought $8,000 worth of furniture with cash.
Transaction 4: A customer paid $2,000 cash for bookkeeping services to be provided next month.
Transaction 5: Provided services to customers and received $15,000 cash.
Transaction 6: Provided bookkeeping services for $4,000 on account.
Transaction 7: Paid $6,000 cash for a one-year insurance policy which started on the first of the month.
Transactions 8 to 10: Paid cash for rent, salaries and interest for the month.
Transaction 11 to 12. Received a telephone bill and travel bill which will be paid later.
Transaction 13: Paid $3,000 toward the bank loan.
Transaction 14: John Smith withdrew $2,000 cash for personal use.
Transaction 15: A customer paid $500 cash for the amount owing for bookkeeping services provided earlier in the month.
Transaction 16: Paid the telephone bill $300, received earlier in the month.
Transaction 1: John Smith deposited $30,000 cash into the new business' bank
Transaction 2: Borrowed $10,000 from the bank.
Transaction 3: Bought $8,000 worth of furniture with cash.
Transaction 4: A customer paid $2,000 cash for bookkeeping services to be provided next month.
Transaction 5: Provided services to customers and received $15,000 cash.
Transaction 6: Provided bookkeeping services for $4,000 on account.
Transaction 7: Paid $6,000 cash for a one-year insurance policy which started on the first of the month.
Transactions 8 to 10: Paid cash for rent, salaries and interest for the month.
Transaction 11 to 12. Received a telephone bill and travel bill which will be paid later.
Transaction 13: Paid $3,000 toward the bank loan.
Transaction 14: John Smith withdrew $2,000 cash for personal use.
Transaction 15: A customer paid $500 cash for the amount owing for bookkeeping services provided earlier in the month.
Transaction 16: Paid the telephone bill $300, received earlier in the month.
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.