Business, 04.12.2019 19:31 patrickgonzalezjr13
Humble management services opens for business and completes these transactions in september. sept. 1 henry humble, the owner, invests $38,000 cash along with office equipment valued at $15,000 in the company in exchange for common stock.
2 the company prepaid $9,000 cash for 12 months' rent for office space. (hint debit prepaid rent for $9,000.)
4 the company made credit purchases for $8,000 in office equipment and $2,400 in office sup-plies. payment is due within 10 days.
8 the company completed work for a client and immediately received $3,280 cash.
12 the company completed a $15,400 project for a client, who must pay within 30 days.
13 the company paid $10,400 cash to settle the payable created on september 4.
19 the company paid $1,900 cash for the premium on an 18-month insurance policy. (hint: debit prepaid insurance for $1,900.)
22 the company received $7,700 cash as partial payment for the work completed on september 12. 24 the company completed work for another client
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Humble management services opens for business and completes these transactions in september. sept. 1...
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