M company commenced operations on December 1, 2018. The following transactions took place from December 1, 2018
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M company commenced operations on December 1, 2018. The following transactions took place from December 1, 2018 to the end of the first year of operation on December 31, 2018.
1. The company issued shares for € 3,000 and deposited the deposit into a bank account.
2. Provided service for € 2,500.
3. Paid 1,500 euros for the ground.
4. Charged € 1,000 of accrued labor costs.
5. Purchased supplies for 300 euros in account.
What is the sum of the accounts to be debited under company balance sheet on December 31, 2018?
Related Book For
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
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