| a. |
Jenna Aracel, the owner, invested $215,000 cash, office equipment with a value of $5,100, and $61,000 of drafting equipment to launch the company.
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| b. |
The company purchased land worth $50,000 for an office by paying $6,700 cash and signing a long-term note payable for $43,300.
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| c. |
The company purchased a portable building with $60,000 cash and moved it onto the land acquired in b.
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| d. |
The company paid $2,100 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 $9,500 cash.
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| f. |
The company purchased $33,000 of additional drafting equipment by paying $11,000 cash and signing a long-term note payable for $22,000.
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| g. |
The company completed $16,000 of engineering services for a client. This amount is to be received in 30 days.
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| h. |
The company purchased $1,150 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 $1,686 rent cost must be paid within 30 days.
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| k. |
The company collected $7,000 cash in partial payment from the client described in transaction g. |
| l. |
The company paid $2,300 cash for wages to a drafting assistant. |
| m. |
The company paid $1,150 cash to settle the account payable created in transaction h. |
| n. |
The company paid $1,165 cash for minor maintenance of its drafting equipment. |
| o. |
Jenna Aracel withdrew $9,200 cash from the company for personal use. |
| p. |
The company paid $1,700 cash for wages to a drafting assistant. |
| q. |
The company paid $3,600 cash for advertisements on the Web during June. |