Title: Sharon Foods Company reported the following transactions for September 2017. Post by: MichaelJoult on Jul 25, 2018 Sharon Foods Company reported the following transactions for September 2017.
a)The business received a $21,000 cash contribution from the owner. It was credited to Sharon, Capital. b)The business purchased office equipment for $9,000 for which $4,000 cash was paid and the balance was put on a note payable. c)Paid insurance expense of $1,500 cash. d)Paid the September utility bill for $800 cash. e)Paid $1,600 cash for September rent. f)The business had sales of $12,000 in September. Of these sales, 40% were cash sales, and the balance was credit sales. g)The business paid $8,000 cash for office furniture. What are the total liabilities at the end of September, 2017? A) $12,000 B) $1,500 C) $5,000 D) $9,000 Title: Sharon Foods Company reported the following transactions for September 2017. Post by: gabi0315 on Jul 25, 2018 Content hidden
Title: Sharon Foods Company reported the following transactions for September 2017. Post by: MichaelJoult on Jul 25, 2018 :idea: Correct, thanks!
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