Sharon Company Reported the Following Transactions for September, 2015

question 22

Multiple Choice

Sharon Company reported the following transactions for September, 2015.

• A)Sharon started the business with a capital contribution of $25,000 cash. It was credited to Sharon, Capital.
• B)The business purchased office equipment for $11,500 for which $2,500 cash was paid and the balance was put on a note payable.
• C)Paid insurance expense of $1,800 cash.
• D)Paid a utility bill for $900 cash.
• E)Paid $2,000 cash for September rent.
• F)The business had sales of $12,000 in September. Of these sales, 60% were cash sales, and the balance was credit sales.
• G)The business paid $8,000 cash for office furniture.

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