October 1 -Invested 4.000,000 cash in the business. October 2 - Purchased three used truck 3,000,000, paying 1.500.000 cash and the balance on account. October 3 - Purchased construction suppliles and materials for 450,.000 on account. October 5 - Paid 400,000 cash on one-year insurance policy, 200.000 as five-month rental payment for the warehouse etffective October 1 October 12 - Billed customers 1.250,000 for construction services rendered, October 18 - Paid 500,000 cash owed on truck, and 250.000 owed for construction supplies October 20 - Paid ten consultants' fee for 300,000 and hundred employees' salaries amounting to 300,000 October 21 - Collected 700,000 cash from customers billed on October 12 October 25 - Billed ABC Cement Company for mechanical services rendered amounting to 1,500,000
October 1 -Invested 4.000,000 cash in the business. October 2 - Purchased three used truck 3,000,000, paying 1.500.000 cash and the balance on account. October 3 - Purchased construction suppliles and materials for 450,.000 on account. October 5 - Paid 400,000 cash on one-year insurance policy, 200.000 as five-month rental payment for the warehouse etffective October 1 October 12 - Billed customers 1.250,000 for construction services rendered, October 18 - Paid 500,000 cash owed on truck, and 250.000 owed for construction supplies October 20 - Paid ten consultants' fee for 300,000 and hundred employees' salaries amounting to 300,000 October 21 - Collected 700,000 cash from customers billed on October 12 October 25 - Billed ABC Cement Company for mechanical services rendered amounting to 1,500,000
Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter14: Activities Required In Completing A Quality Audit
Section: Chapter Questions
Problem 65RSCQ
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