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Week 2 Accounting Exercise Add in library

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On October 1, 2012, Faith Schultz established Heavenly Realty, which completed the following transactions during the month: a. Faith Schultz transferred cash from a personal bank account to an account to be used for the business, $20,000. b. Paid rent on office and equipment for the month, $3,750. c. Purchased supplies on account, $1,100. d. Paid creditor on account, $400. e. Earned sales commissions, receiving cash, $16,750. f. Paid automobile expenses (including rental charge) for mont ...

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Tags: United States Fort Lauderdale Accounting Accounting Principal of accounting University of Florida 

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