Question: Identify the transactions from the following story For each identify

Identify the transactions from the following story. For each, identify the transactions as operating, investing, or financing.
Bonnie Lawhon decided to start a business for herself breeding AKC miniature dachshunds. As a talented breeder who gave puppies to her friends and family, she decided to open a small kennel with $6,500 of her own money. She received common stock in exchange. The business had concrete poured and fences installed to give the dogs and puppies shelter at a cost of $3,250, paid in cash. Then, Bonnie’s business hired a consultant to design and maintain a Web page for the company at a cost of $200 for the original design and $25 per month maintenance. She paid for the design and one month’s maintenance fee. The business required a separate mobile phone to be purchased at a cost of $169 cash. Then, the business put an advertisement in the local newspaper, at a cost of $20 per month for weekly ads. The business paid cash for one month’s advertising. The business was ready to go.


View Solution:


Sale on SolutionInn
Sales1
Views145
Comments
  • CreatedSeptember 01, 2014
  • Files Included
Post your question
5000