Diana Kuhlmann started her own consulting firm, Kuhlmann Consulting Inc., on May 1, 2010. The following transactions occurred during the month of May.
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May |
1 |
Stockholders invested $15,000 cash in the business in exchange |
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2 |
Paid $700 for office rent for the month. |
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3 |
Purchased $500 of supplies on account. |
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5 |
Paid $150 to advertise in the County News. |
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|
9 |
Received $1,000 cash for services provided. |
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12 |
Paid $200 cash dividend. |
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15 |
Performed $4,200 of services on account. |
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17 |
Paid $2,500 for employee salaries. |
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20 |
Paid for the supplies purchased on account on May 3. |
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23 |
Received a cash payment of $1,500 for services provided on account |
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26 |
Borrowed $5,000 from the bank on a note payable. |
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|
29 |
Purchased office equipment for $2,000 paying $200 in cash and |
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|
30 |
Paid $150 for utilities. |