E2.2 (LO 1) Selected transactions for Acosta Decor, an interior design company, in its first month of business are as fo

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E2 2 Lo 1 Selected Transactions For Acosta Decor An Interior Design Company In Its First Month Of Business Are As Fo 1 (34.12 KiB) Viewed 124 times

E2.2 (LO 1) Selected transactions for Acosta Decor, an interior design company, in its first month of business are as follows. Jan. 2 Marie Acosta invested €10,000 cash in business in exchange for ordinary shares. 3 Purchased used car for €3,000 cash for use in business. 9 Purchased supplies on account for €600. 11 Billed customers €2.400 for services performed. 16 Paid €350 cash for advertising. 20 Received €900 cash from customers billed on January 11. 23 Paid creditor €300 cash on balance owed. 28 Declared and paid a €1,000 cash dividend.