The following transactions pertain to 2012, the first year operations of Hall Company. All inventory was started and completed during 2012. Assume that all transactions are cash transactions.



1.
Acquired $4,000 cash by issuing common stock.


2.
Paid $720 for materials used to produce inventory.


3.
Paid $1,800 to production workers.


4.
Paid $540 rental fee for production equipment.


5.
Paid $180 to administrative employees.


6.
Paid $144 rental fee for administrative office equipment.


7.
Produced 300 units of inventory of which 200 units were sold at a price of $12 each.

The following transactions pertain to 2012, the first year operations of Hall Company. All inventory was started and completed during 2012. Assume that all transactions are cash transactions.



1.
Acquired $4,000 cash by issuing common stock.


2.
Paid $720 for materials used to produce inventory.


3.
Paid $1,800 to production workers.


4.
Paid $540 rental fee for production equipment.


5.
Paid $180 to administrative employees.


6.
Paid $144 rental fee for administrative office equipment.


7.
Produced 300 units of inventory of which 200 units were sold at a price of $12 each.

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