Darby consulting was established on 1 March and during March Darby entered into the following transactions: 1
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Question:
Darby consulting was established on 1 March and during March Darby entered into the following transactions:
1 Issued $10000 shares in exchange for cash
3 Purchased $300 of supplies on account
7 Prepaid $1500 rent for April, May and June
8 Paid $175 towards 3 March purchase of supplies
11 Billed customers $5780 for services rendered
12 Paid $700 for March advertising
25 Received $4500 from customers billed on March 11
28 Paid $200 in dividends to shareholders
29 Paid $1200 in March salaries
29 Paid $760 for water usage
Prepare a balance sheet for the end of March.
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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