Business, 19.11.2020 01:20 lilred58

Mr. Douglas invested $25,000 cash in the business. 2. Purchased equipment worth $7,000 with a $500 down payment. The remainder is due in 30 days.
3. Paid $900 cash for a six-month insurance policy.
4. Received $3,000 cash from customers for services rendered.
5. Paid wages, $1,750.
6. Received and paid advertising bill of $100.
7. Performed services worth $2,500 for credit customers.
8. Received $1,700 cash from customers previously billed on account.
9. Mr. Douglas withdrew $5,300 cash for personal use.
10. Paid utility bill, $205.

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Mr. Douglas invested $25,000 cash in the business. 2. Purchased equipment worth $7,000 with a $500...

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