Question: ES Problem 3-03A (Part Level Submission) Bindy Crawford created a corporation providing legal services, Windsor, Inc., on July 1, 2022. On July 31 the balance
ES Problem 3-03A (Part Level Submission) Bindy Crawford created a corporation providing legal services, Windsor, Inc., on July 1, 2022. On July 31 the balance sh Stock $12,050; and Retained Earnings $2,050. During August the following transactions occurred. Aug. 1 Collected $1,020 of accounts receivable due from customers. 4 Paid $2,650 cash for accounts payable due. 9 Performed services worth $5,430, of which $3,510 is collected in cash and the balance is due in September 15 Purchased additional office equipment for $4,270, paying $490 in cash and the balance on account. Pald salaries $1,400, rent for August $630, and advertising expenses $450. 23 Paid a cash dividend of $710. Borrowed $5,900 from American Federal Bank; the money was borrowed on a 4-month note payable. 31 Incurred utility expenses for the month on account $450. 19 dy 26 ES Problem 3-03A (Part Level Submission) Bindy Crawford created a corporation providing legal services, Windsor, Inc., on July 1, 2022. On July 31 the balance sh Stock $12,050; and Retained Earnings $2,050. During August the following transactions occurred. Aug. 1 Collected $1,020 of accounts receivable due from customers. 4 Paid $2,650 cash for accounts payable due. 9 Performed services worth $5,430, of which $3,510 is collected in cash and the balance is due in September 15 Purchased additional office equipment for $4,270, paying $490 in cash and the balance on account. Pald salaries $1,400, rent for August $630, and advertising expenses $450. 23 Paid a cash dividend of $710. Borrowed $5,900 from American Federal Bank; the money was borrowed on a 4-month note payable. 31 Incurred utility expenses for the month on account $450. 19 dy 26
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