(Solved by Humans)-Problem 1-4A Debra Menge started her own consulting firm, Menge Consulting, on May 1, 2014. The...
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Problem 1-4ADebra Menge started her own consulting firm, Menge Consulting, on May 1, 2014. The following transactions occurred during the month of May. May 1Debra invested $7,000 cash in the business. 2Paid $900 for office rent for the month. 3Purchased $600 of supplies on account. 5Paid $125 to advertise in the County News. 9Received $4,000 cash for services performed. 12Withdrew $1,000 cash for personal use. 15Performed $5,400 of services on account. 17Paid $2,500 for employee salaries. 20Paid for the supplies purchased on account on May 3. 23Received a cash payment of $4,000 for services performed on account on May 15. 26Borrowed $5,000 from the bank on a note payable. 29Purchased equipment for $4,200 on account. 30Paid $275 for utilities.
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This question was answered on: 10 May, 2025
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