Jay Pembroke started a business. During the first month (April 20- ), the following transactions occurred.
a.Invested cash in business, $18,000.
b.Bought office supplies for $4,600: $2,000 in cash ...
... and $2,600 on account.
c.Paid one-year insurance premium, $1,200.
d.Earned revenues totaling $3,300: $1,300 in cash and $2,000 on account.
e.Paid cash on account to the company that supplied the office supplies in transaction (b), $2,300.
f.Paid office rent for the month, $750.
g.Withdrew cash for personal use, $100.
This question has not been answered. Can you answer it? Please add your answer below ...
(See complete conversation and new answers below)
There are no new answers.