This accounting document records transactions over 30 days involving cash, common stock, supplies, land, accounts payable, service revenue, accounts receivable, salary expense, and rent expense. On day 1, the company received $19,800 from common stock sales and $200 from supplies purchases. By day 30, expenses including salary, rent, and supplies had been paid from cash receipts from services, leaving the accounts balanced.
This accounting document records transactions over 30 days involving cash, common stock, supplies, land, accounts payable, service revenue, accounts receivable, salary expense, and rent expense. On day 1, the company received $19,800 from common stock sales and $200 from supplies purchases. By day 30, expenses including salary, rent, and supplies had been paid from cash receipts from services, leaving the accounts balanced.
This accounting document records transactions over 30 days involving cash, common stock, supplies, land, accounts payable, service revenue, accounts receivable, salary expense, and rent expense. On day 1, the company received $19,800 from common stock sales and $200 from supplies purchases. By day 30, expenses including salary, rent, and supplies had been paid from cash receipts from services, leaving the accounts balanced.