Question: Data for L . Takemoto, interior decorating, are presented as follows. Jan. 2 Stockholders invested $ 1 5 , 0 0 0 cash in the

Data for L. Takemoto, interior decorating, are presented as follows.
Jan. 2 Stockholders invested $15,000 cash in the business in exchange for common stock.
3 Purchased used car for $8,200 cash for use in the business.
9 Purchased supplies on account for $500.
11 Billed customers $1,800 for services performed.
16 Paid $200 cash for advertising.
20 Received $780 cash from customers billed on January 11.
23 Paid creditor $300 cash on balance owed.
28 Declared and paid a $500 cash dividend.

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