Smith Dentistry opened on June 1, 2016. The following transactions occurred during June 1. Issued common stock to owners in exchange for $18,000 cash. 2. Purchased $4,500 of equipment, paying $1,350 cash and signing a promissory note for $3,150. 3.
Answers (1)
Caryâs Carpet Cleaning, Inc. purchased $10,000 of carpet cleaning equipment, paying $2,000 cash and giving an informal promise to pay $8,000 at the end of the month. On April 30, Caryâs Carpeting Cleaning pays $8,000 to the equipment supplier.
Answers (1)
Assume Kader Company has the following reported amounts: Sales revenue $510,000, Sales returns and allowances $15,000, Cost of goods sold $330,000, and Operating Expense: $110,000.
Answers (1)
On March 15, 2015, Viking Office Supply agrees to accept $1,200 in cash along with a $2,800, 60-day, 15 percent note from R. Roy to settle his $4,000 past-due account.
Answers (1)