Acct 212 Course Project

?? During its first month of operation, the Bethany’s Bicycle Corporation, which specializes in bicycle repairs, completed the following transactions. ?? ??
?? ?? ?? ?? ??
?? March Transactions ?? ??
?? Date Transaction Description ?? ??
?? March 1 Began business by making a deposit in a company bank account of $20,000, in exchange for 2,000 shares of $10 par value common stock. ?? ??
?? March 1 Paid the premium on a 1-year insurance policy, $2,400. ?? ??
?? March 1 Paid the current month’s store rent expense, $1,900. ?? ??
?? March 3 Purchased repair equipment from Andrew Company, $5,800. Paid $1,000 down and the balance was placed on account.?? Payments will be $400.00 per month for 12 months. The first payment is due 4/1. Note: Use Accounts Payable for the Balance Due. ?? ??
?? March 8 Purchased repair supplies from Jackson Company on credit, $650. ?? ??
?? March 10 Paid telephone bill for March, $340. ?? ??
?? March 11 Cash bicycle repair revenue for the first third of March, $1,650. ?? ??
?? March 18 Made payment to Jackson Company, $400. ?? ??
?? March 20 Cash bicycle repair revenue for the second third of March, $2,450. ?? ??
?? March 31 Cash bicycle repair revenue for the last third of March, $1,250. ?? ??
?? March 31 Paid the current month’s electice bill, $250. ?? ??
?? March 31 Declared and paid cash dividend of $1,000. ?? ??
  • September 4, 2017
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