Cheyenne Repair Shop had the following transactions during the first month of business as a property. August
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Question:
Cheyenne Repair Shop had the following transactions during the first month of business as a property.
August 2 Invested $11,290 in cash and $2,740 in equipment in the business.
7 He bought supplies on account for $450. (Asset debit account.)
12 Performing services to customers, for which $1,303 was collected in cash and $689 was billed to customers.
15 Paid rent for August $634.
- 19 She counted the supplies and determined that only $263 of the supplies purchased on August 7 remain available.
- Record the above transactions.
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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