Paid Speed $200,000 to purchase the business Each owner put $10,000 into the company bank account as Contributed Capital on April 1, 2021 Paid rent for April, May, June, on the first of each month; and prepaid for July on June 30, 2021, at $3,000 per month Collected $17,000 in cash for coaching services from clients who pay at the end of each session?

Answer rating: 100% (QA)

Heres a breakdown of the transactions 1 Paid Speed purchased the business for 200000 2 Each owner co... View the full answer