Record the Following Transactions

question 132

Essay

Record the following transactions.If an entry is not required,state "No Entry."
(a)Started business by issuing 10,000 shares of common stock for $20,000.
(b)Hired Rebecca as an administrative assistant,promising to pay her $2,000 every two week.
(c)Rented a building for three years at $500 per month and paid six months' rent in advance.
(d)Purchased equipment for $5,400 cash.
(e)Purchased $1,800 of supplies on account.
(f)Provided services to customers for $7,800 cash.
(g)Paid employee salaries,$5,200.
(h)Paid for supplies purchased in item (e).
(i)Paid $800 for current advertising in a local newspaper.
(j)Paid utility bill of $1,300 for the current month.

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Definitions:

Neurological Functioning

Pertains to the operations of the nervous system, including the brain and all neural connections, affecting thinking, behavior, and bodily functions.

Home Births

Childbirth occurring in a non-clinical setting, typically the child's future home, assisted by a midwife or a trained attendant.

Midwife

A health care professional, usually a nurse, who specializes in childbirth; midwives provide health care throughout pregnancy and supervise home births.

Doula

A caregiver who provides support to an expectant mother and her partner throughout the birth process.