Bonjour Company began operations in September, 2021. The company decided to make use of the following accounts: Cash, Ac

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Bonjour Company Began Operations In September 2021 The Company Decided To Make Use Of The Following Accounts Cash Ac 1 (70.03 KiB) Viewed 25 times

Bonjour Company began operations in September, 2021. The company decided to make use of the following accounts: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Capital Stock, and Retained Earnings. The following transactions took place during September, 2021: 1. Sold Capital Stock for $19,600 cash. 2. Purchased supplies on account at a cost of $425 3. Bought Equipment necessary for the business for $9,000 by paying 20% down and placing the remainder on account. 4. Provided services to customers on account, billing them for $2,990. 5. Paid wages of $2,100 6. Paid $425 on account 7. Received a utility bill for September electricity usage of $285, due by no later than October 10th. 8. Services provided to cash customers for $3,140 9. Collected $990 on account. 10. Took an inventory of supplies and found the $310 worth had been used and $115 worth remains in the supply closet. 11. Paid cash dividends of $850
Cash + Acct Rec + Supplies + = Acct Pay + C.Stock + Ret Ergs R/E/D?