| a. |
To launch the company, Jenna Aracel, the owner, invested $160,000 cash, office equipment with a value of $8,700, and $64,000 of drafting equipment in exchange for common stock. |
| b. |
The company purchased land worth $55,000 for an office by paying $9,000 cash and signing a long-term note payable for $46,000. |
| c. |
The company purchased a portable building with $58,000 cash and moved it onto the land acquired inb. |
| d. |
The company paid $3,500 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 $6,600 cash. |
| f. |
The company purchased $31,000 of additional drafting equipment by paying $9,800 cash and signing a long-term note payable for $21,200. |
| g. |
The company completed $19,500 of engineering services for a client. This amount is to be received in 30 days. |
| h. |
The company purchased $1,500 of additional office equipment on credit. |
| i. |
The company completed engineering services for $26,000 on credit. |
| j. |
The company received a bill for rent of equipment that was used on a recently completed job. The $1,533 rent cost must be paid within 30 days. |
| k. |
The company collected $9,000 cash in partial payment from the client described in transactiong. |
| l. |
The company paid $2,400 cash for wages to a drafting assistant. |
| m. |
The company paid $1,500 cash to settle the account payable created in transactionh. |
| n. |
The company paid $1,165 cash for minor maintenance of its drafting equipment. |
| o. |
The company paid $10,590 cash in dividends. |
| p. |
The company paid $1,700 cash for wages to a drafting assistant. |
| q. |
The company paid $3,300 cash for advertisements on the Web during June. |
