Your company had the following transactions during the month of September:Received $500,000 in Cash from investors in exchange f

Question

3 years ago

13

Your company had the following transactions during the month of September:Received $500,000 in Cash from investors in exchange f

or stock in the company Paid $300,000 Cash for an Office Building Received $50,000 in cash from customers for services performed Paid $500 in cash to the utility company for the current months utility expense Provided $1,000 in services to a client who agreed to pay you next monthBelow is the T-Account for cash. Enter the appropriate amounts. If no entry is required for either the debit or credit enter 0. Do not enter decimals. Transaction 1 is done for you.

Business