Reference no: EM132122464
Question - Following are the transactions for ABC Computer Service's first month of business, September 2018:
Sept 1 The owner invested $10,000 into the business in exchange for common stock.
Sept 4 Purchased equipment for $2,800 in cash.
Sept 7 Purchased supplies on credit for $460.
Sept 10 Performed programming services, and received payment of $3,300.
Sept 15 Received cash for programming services to be performed in October, $1,900.
Sept 18 Paid the rent for September, $550
Sept 20 Billed a customer for programming services performed, $1,630.
Sept 27 Paid employee wages of $3,000.
Sept 27 Collected $900 from customer billed on Sept. 20th
Sept 28 Paid $1,800 for a one -year insurance policy beginning October, 1.
Sept 28 Supplies used during the month amounted to $125.
Determine total current assets on September 30, 2018?
A.$10,815
B. $11,715
C. $9,015
D. $9,915
E. $13,615
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