Answer to Question #299848 in Accounting for Rahul Rahul

Question

1

Oct1, 2020 Business owner Samuel Smith

input $5000 cash and $3000 office equipment

into the business

2

Oct5, 2020 Business paid 6 month

insurance for $3,000, paid in cash

3

Oct7. 2020 Business received the

customer money $6,300 for the services to be

perform in the near future

4

Oct10, 2020 Business bought $2,100

office supplies on credit

5

Oct13, 2020 Business bill the customer

$3,000 for the services completed

6

Oct15, 2020 Business found the defective

office supplies $300 from the Oct10 purchase,

returned them back to supplier

7

Oct16, 2020 Business provided the

services for Transaction#3

8

Oct20, 2020 Business paid the owin

amount from Transaction#4

Answer 1

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