tamtam19952003
Nov 8, 2012, 01:04 PM
I am working on 3 problems on an homework assignment and I am stumped.
On A t-account how would I record the following problems:
1) Mike invested $15,000 cash and a used truck worth $13,500 in the business in exchange for company stock.
2) Billed customers for services performed, $2,800.
3) Paid three months’ rent, $4,500
On A t-account how would I record the following problems:
1) Mike invested $15,000 cash and a used truck worth $13,500 in the business in exchange for company stock.
2) Billed customers for services performed, $2,800.
3) Paid three months’ rent, $4,500