Business
Business, 08.02.2021 19:00, steliosceltics2541

Selected transactions for Bramble, an interior decorator corporation, in its first month of business, are as follows. a. Issued stock to investors for $16,000 in cash.
b. Purchased used car for $10,700 cash for use in business.
c. Purchased supplies on account for $400.
d. Billed customers $4,010 for services performed.
e. Paid $160 cash for advertising at the start of the business.
f. Received $1,530 cash from customers billed in transaction (4).
g. Paid creditor $400 cash on account.
h. Paid dividends of $530 cash to stockholders.

Required:
For each transaction indicate the basic type of account debited and credited.

answer
Answers: 3

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Selected transactions for Bramble, an interior decorator corporation, in its first month of business...

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