h. The company collected $5,000 cash as a partial payment for the amount owed by the client in transaction e. i. Opened a business bank account with a deposit of 30,000 from personal funds. No. Paid gas, oil, and repairs on automobile for April, 550. Paid truck expenses, 435, Ck. 29. Paid installment due on note payable, 950. k. Received invoice for blueprint service, due in February, 3,750. l. Recorded fees earned on plans delivered, payment to be received in February, 21,900. m. Paid salary of assistants, 4,100. n. Paid gas, oil, and repairs on automobile for January, 1,300. property. d. Paid rent on office and equipnwnt for the month, $5,000. During June, Ming Chen (the owner) completed these transactions. Q:Connie Young, an architect, opened an office on October 1, 2019. The following transactions, A:Journal Entries - Journal Entries are the recording of transactions of the organization. Owner invested $60,000 cash in the company along with equipment that had a $15,000 market value in exchange for its common stock. 8,000 Enter the following transactions on Page 2 of the two-column journal: 29. The following transactions occurred during January of the, A:Cash flow statement is the statement which shows all cash inflows and cash outflows of the business. The following transactions were completed during July, the second month of the business's operations: July 1. Opened a business hank account in the name of Stanley Insurance Inc., with a deposit of $60000 in exchange for common stock. d. Purchased office and computer equipment on account, 4,500. e. Paid cash for supplies, 1,875. f. Paid cash for annual insurance policies, 3,600. g. Received cash from client for plans delivered, 13,650. h. Paid cash for miscellaneous expenses, 2,600. i. I have all relevant skills and expertise related to your project. On june 1, merando company borrows $90,000 from first bank on a 6-month, $90,000, 8% note. Paid rent on office and equipment for the month, 6,000. c. Purchased supplies on account, 3,200. d. Paid creditor on account, 1,750. e. Earned fees, receiving cash, 18,250. f. Paid automobile expenses (including rental charge) for month, 1,880, and miscellaneous expenses, 420. g. Paid office salaries, 5,000. h. Determined that the cost of supplies used was 1,400. i.

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