On April 1, Margaret Moore established Moore’s Travel Agency. The following transactions were completed during the month. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . Invested $14,000 cash to start the agency. Paid $700 cash for April office rent. Purchased equipment for $3,600 cash. Incurred $900 of advertising costs in the Chicago Tribune, on account. Paid $900 cash for office supplies. Performed services worth $10,000: $2,500 cash is received from customers, and the balance of $7,500 is billed to customers on account. Withdrew $500 cash for personal use. Paid Chicago Tribune $700 of the amount due in transaction (4). Paid employees' salaries $2,200. Received $4,500 in cash from customers who have previously been billed in transaction (6).
On April 1, Margaret Moore established Moore’s Travel Agency. The following transactions were completed during the month.
1. 2. 3. 4. 5.
6.
7. 8. 9.
10 .
Invested $14,000 cash to start the agency.
Paid $700 cash for April office rent.
Purchased equipment for $3,600 cash.
Incurred $900 of advertising costs in the Chicago Tribune, on account. Paid $900 cash for office supplies.
Performed services worth $10,000: $2,500 cash is received from customers, and the balance of $7,500 is billed to customers on account.
Withdrew $500 cash for personal use.
Paid Chicago Tribune $700 of the amount due in transaction (4). Paid employees' salaries $2,200.
Received $4,500 in cash from customers who have previously been billed in transaction (6).
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