Question One: Read the following transactions related to Lukaku Design company: (100 Points) Lukaku Design Ltd was found

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Question One Read The Following Transactions Related To Lukaku Design Company 100 Points Lukaku Design Ltd Was Found 1 (67.24 KiB) Viewed 12 times

Question One: Read the following transactions related to Lukaku Design company: (100 Points) Lukaku Design Ltd was founded in Dec 2019. Lautaro Design provides unique and modern designing services to customers. During month of December 2018, the following transactions took place: 1-Dec Shareholders invested $510,000 cash in the business in exchange for shares. Purchased a Building costing $120,000 and Equipment for $40,000 on account. Purchased Supplies costing $2,900 cash. Received $1,000 cash from customer for services not performed yet. Performed services and billed customer for services performed $2,200. Received half of the amount in cash from the billed customers on December 18th. Paid $52,000 cash for the purchase on account on December 6th. Declared and paid cash dividends to shareholders for $3,000. Paid Utility of the month, $350. 6 15 16 18 20 26 29 30