| Aug. 3 | Collected $1,180 of accounts receivable due from customers. | |
| 5 | Received $1,270 cash for issuing common stock to new investors. | |
| 6 | Paid $2,650 cash on accounts payable. | |
| 7 | Performed legal services of $6,370, of which $2,940 was collected in cash and the remainder was due on account. | |
| 12 | Purchased additional equipment for $1,180, paying $390 in cash and the balance on account. | |
| 14 | Paid salaries $3,430, rent $880, and advertising expenses $270 for the month of August. | |
| 18 | Collected the balance for the services performed on August 7. | |
| 20 | Paid cash dividend of $490 to stockholders. | |
| 24 | Billed a client $980 for legal services performed. | |
| 26 | Received $1,960 from Laurentian Bank; the money was borrowed on a bank note payable that is due in 6 months. | |
| 27 | Agreed to perform legal services for a client in September for $4,410. The client will pay the amount owing after the services have been performed. | |
| 28 | Received the utility bill for the month of August in the amount of $270; it is not due until September 15. | |
| 31 | Paid income tax for the month $490. |
Enjoy 24/7 customer support for any queries or concerns you have.
Phone: +1 213 3772458
Email: support@gradeessays.com