i would like some help on number 12 of the chapter 1 homework 381842
I would like some help on number 12 of the chapter 1 homework of the Connect Access please.
(see links of images, they were too large to upload)
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i would like some help on number 12 of the chapter 1 homework 381842
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| J. D. Simpson started The Simpson Co., a new business that began operations on May 1. The Simpson Co. completed the following transactions during its first month of operations. |
| May 1 | J. D. Simpson invested $44,500 cash in the company. |
| 1 | The company rented a furnished office and paid $2,600 cash for Mays rent. |
| 3 | The company purchased $1,880 of office equipment on credit. |
| 5 | The company paid $770 cash for this months cleaning services. |
| 8 | The company provided consulting services for a client and immediately collected $6,000 cash. |
| 12 | The company provided $2,400 of consulting services for a client on credit. |
| 15 | The company paid $770 cash for an assistants salary for the first half of this month. |
| 20 | The company received $2,400 cash payment for the services provided on May 12. |
| 22 | The company provided $3,400 of consulting services on credit. |
| 25 | The company received $3,400 cash payment for the services provided on May 22. |
| 26 | The company paid $1,880 cash for the office equipment purchased on May 3. |
| 27 | The company purchased $90 of advertising in this months (May) local paper on credit; cash payment is due June 1. |
| 28 | The company paid $770 cash for an assistants salary for the second half of this month. |
| 30 | The company paid $300 cash for this months telephone bill. |
| 30 | The company paid $280 cash for this months utilities. |
| 31 | J. D. Simpson withdrew $1,700 cash from the company for personal use. |
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I answered this above question already, here is my answer:http://i45.tinypic.com/152onba.png
I started on it but started to get confused.. Help is greatly appreciated!
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