Jan. 1

Cody, Alberto, and Patricia registered to State of Texas for the issuance 20,000 common stocks with par value @10 per share as a start-up of office supplies business and a business bank account was established for CAP operations.

Jan. 1

Purchased a warehouse $315,000 paying cash $50,000 and on account $265,000.

Jan. 1

Paid annual insurance premium $3,600 for the warehouse.

Jan. 1

Purchased supplies 3,000 units @$20 on account with terms, FOB shipping point, 2/10, n/30 from Salinas Co.

Jan. 2

Paid freight of $500 from purchase of supplies.

Jan. 5

Sold supplies 1,000 units @$40 in cash and 1,000 units @$45 on account with terms, 2/10, n/30 to Underwood Co.

Jan. 8

Returned defeated supplies 400 units to Salinas Co.

Jan. 10

Paid Salinas Co for the purchase of  Jan. 1

Jan. 15

Received cash payment from Underwood Co

Jan. 28

Purchased supplies 2,000 units @$25 on account with terms, FOB destination point, 2/10, n/30 from Salina Co; paid freight of $350 from purchase of supplies

Jan. 31

Paid $15,000 cash and issued 5 nonnegotiable notes, @$50,000, 8%, to the real estate for the payment of warehouse.  The nonnegotiable notes will be paid @50,000 annually in next 5 years.

Jan. 31

Accrual employee salary $25,000

Jan. 31

Accrual electricity bill $1,200, Internet & phone bill $800

Feb. 1

Purchased office equipment $12,000 on account.

Feb. 5

Sold supplies 500 units @$38 to Jaggi Co in cash

Feb. 5

Paid employee wages, electricity bill, internet & phone bill

Feb. 8

Paid Salina Co. for the purchase of Jan. 28.

Feb. 15

Paid $3,000 annual rent for a parking lot.

Feb. 18

Sold supplies 800 units @$45 on account with terms, FOB shipping point, 2/10, n/30 to Underwood Co.

Feb. 28

Received cash payment from Underwood at discount price @42 due to defeated quality

Feb. 28

Accrual employee salary $23,000, electricity bill $1,500, and internet & phone bill $750

Mar.1

Sold supplies 1,000 units @$42 on account with terms, FOB shipping point, 2/10, n/30 to Julio Ltd.

Mar. 1

Purchased a truck for $25,000, paying $5,000 cash and giving a note payable for the reminder

Mar. 3

Purchased supplies 2,000 @$18 on account with terms, FOB destination point, 2/10, n/30 from Salina Co; paid freight of $400 from purchase of supplies

Mar. 5

Paid employee salary, electricity bill, internet &phone bills

Mar. 10

Received $20,580 from Julio Ltd for a half of payment.

Mar. 13

Paid Salina Co. for the Purchase of Mar. 3 with new negotiated price @$15

Mar. 18

Sold supplies 1,000 units @45 with term, n/30, to Jaggi Co.

Mar. 25

Received payment $9,000 from Julio Co.

Mar. 28

Sold supplies 500 units @42 with terms, n/30, to Underwood Co.

Mar. 29

Purchased supplies 3,000 units@$24 from Alvarez Co., FOB shipping point, with term n/30

Mar. 30

Sold supplies 1,200 units @48 to Carla Co. with terms 2/10, n/30

Mar. 31

Accrual employee salary $28,000, electricity bill$1,700, and internet &phone bill $800

Mar. 31

Paid cash dividend $5,000 to shareholders