Selected transactions forBlossomCorporation during September 2018, its first month in business, are presented below: Sept. 1
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Selected transactions for Blossom Corporation during September 2018, its first month in business, are presented below:
Sept. | 1 | Issued common shares in exchange for $22,000 cash. | |
2 | Paid $1,500 cash for rent for the month of September. | ||
5 | Purchased equipment for $9,800, paying $1,800 in cash and the balance on account. | ||
8 | Earned $6,700 in revenue, receiving $1,100 cash and $5,600 on account of services provided. | ||
12 | Incurred $400 in advertising expense on account. | ||
20 | Paid $3,000 for repairs and maintenance expenses. | ||
25 | Paid $5,100 cash on balance owed for equipment. | ||
27 | Incurred and paid income taxes for the month amounting to $1,000. | ||
30 | Declared and paid a $500 cash dividend. |
Related Book For
Financial Accounting
ISBN: 9781118334324
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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