Dec1 invested $56000 cash in business  2dec rented office by space and paid $ 800 cash for dec rent 3 dec purchased office supplies by paying $900 cash 5 dec purchase electrical machine value of $ 14000 by paying $3200 cash will pay remaining balance in 30 days  6dec received 1000 cash immediately offer completing electrical work  8 dec completed electrical work on credit in the amount $4000 dec 15 purchased $500 of  Office supplies on credit  18dec purchased$ 3800 office equipment on credit 20dec paid $3800 office equipment on credit 24dec billed a client $600 for electrical work payment due in 30 days  28dec received $4000 cash for work completed on December 8  29dec paid salary of $1200 cash for this month 30 dec paid $440 CASH FOR telephone bill  31dec owner withdraw $700 cash for potential use  prepare a cashflow statement of company

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter3: The Double-entry Framework
Section: Chapter Questions
Problem 8SEB: ANALYSIS OF TRANSACTIONS Nicole Lawrence opened a business called Nickies Neat Ideas in January...
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Ahsan malik launched a new business and completed these transactions during december 

Dec1 invested $56000 cash in business  2dec rented office by space and paid $ 800 cash for dec rent 3 dec purchased office supplies by paying $900 cash 5 dec purchase electrical machine value of $ 14000 by paying $3200 cash will pay remaining balance in 30 days  6dec received 1000 cash immediately offer completing electrical work  8 dec completed electrical work on credit in the amount $4000 dec 15 purchased $500 of  Office supplies on credit  18dec purchased$ 3800 office equipment on credit 20dec paid $3800 office equipment on credit 24dec billed a client $600 for electrical work payment due in 30 days  28dec received $4000 cash for work completed on December 8  29dec paid salary of $1200 cash for this month 30 dec paid $440 CASH FOR telephone bill  31dec owner withdraw $700 cash for potential use  prepare a cashflow statement of company

 

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