1. The C.P.A., Juan Trovato starts his accounting services business on December 1 of the current year. During the first month of operations the following transactions occurred.
2.  
   He invested $30,000 in the business. from your personal account. He paid $1,200. of rent. You bought supplies on credit for a total of $4,200. 

He offered bookkeeping services that were paid to him in cash totaling $35,000. 

Offered bookkeeping services to be paid later totaling $6,400. 

He paid the following expenses: 

salaries, $1,000; 

phone $200; 

profits, $600. 

Mr. Trovato withdrew $1,400 from the business for his personal use.

Prepare a tabular analysis.

Answer rating: 100% (QA)

Heres a tabular analysis summarizing the transactions for Juan Trovatos accounting services b... View the full answer