Question: Columnar format PROBLEM 2.16: Simple Transactions A. Kris formed a consulting business, KrisCo Management Consulting in September. Ope October. The following events occurred during the
PROBLEM 2.16: Simple Transactions A. Kris formed a consulting business, KrisCo Management Consulting in September. Ope October. The following events occurred during the month of September: 1. Kris invested $10,000 into the business. 2. She hired an assistant who will be paid $2,000 per month. The assistant begins work on Oct. I. 3. Signed a lease agreement for office space at a cost of $1,000 per month. Paid the first three months in rations will begin advance. The business will move in on October 1. 4. Borrowed $25,000 from the local bank. The loan bears interest. 5. Bought $6,000 in used office equipment. The equipment will be used for 4 years
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