On September 1, 2008, Michael Moe incorporated Moe’s Mowing, Inc., a company that provides mowing and landscaping services. During the month of September, the business incurred the following transactions:
a. To begin operations, Michael deposited $10,000 cash in the business’s bank account. The business received the cash and issued common stock to Michael.
b. The business purchased equipment for $3,500 on account.
c. The business purchased office supplies for $800 cash.
d. The business provided $2,600 of services to a customer on account.
e. The business paid $500 cash toward the equipment previously purchased on account in transaction b.
f. The business received $2,000 in cash for services provided to a new customer.
g. The business paid $200 cash to repair equipment.
h. The business paid $900 cash in salary expense.
i. The business received $2,100 cash from a customer on account.
j. The business paid cash dividends of $1,500.