Essay
On June 1, Donna Banhil established Solo Services, a voice consulting service. Enter the following transactions for June in the table below using + and - to indicate increases or decreases:
Transactions
1. Donna Banhil invested $21,000 in cash to open the business
2. Paid $1,650 for June's rent
3. Paid $4,950 for rent in advance, for the next three months (July-September)
4. Purchased office supplies for $550 on credit
5. Performed voice consulting services and immediately received $3,300 from clients.
6. Gave voice lessons to charge account clients and earned $8,800
7. Paid $220 cash for the supplies purchased earlier in the month
8. Received $1,000 in cash from credit clients billed earlier in the month
Correct Answer:
Verified
Correct Answer:
Verified
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