| a. |
Jenna Aracel, the owner, invested $100,000 cash, office equipment with a value of $5,000, and $60,000 of drafting equipment to launch the company.
|
| b. |
The company purchased land worth $49,000 for an office by paying $6,300 cash and signing a long-term note payable for $42,700.
|
| c. |
The company purchased a portable building with $55,000 cash and moved it onto the land acquired in b.
|
| d. |
The company paid $3,000 cash for the premium on an 18-month insurance policy. |
| e. |
The company completed and delivered a set of plans for a client and collected $6,200 cash. |
| f. |
The company purchased $20,000 of additional drafting equipment by paying $9,500 cash and signing a long-term note payable for $10,500.
|
| g. |
The company completed $14,000 of engineering services for a client. This amount is to be received in 30 days.
|
| h. |
The company purchased $1,150 of additional office equipment on credit. |
| i. |
The company completed engineering services for $22,000 on credit. |
| j. |
The company received a bill for rent of equipment that was used on a recently completed job. The $1,333 rent cost must be paid within 30 days.
|
| k. |
The company collected $7,000 cash in partial payment from the client described in transaction g. |
| l. |
The company paid $1,200 cash for wages to a drafting assistant. |
| m. |
The company paid $1,150 cash to settle the account payable created in transaction h. |
| n. |
The company paid $925 cash for minor maintenance of its drafting equipment. |
| o. |
Jenna Aracel withdrew $9,480 cash from the company for personal use. |
| p. |
The company paid $1,200 cash for wages to a drafting assistant. |
| q. |
The company paid $2,500 cash for advertisements on the Web during June. |
