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Brown consulting service organized as a corporation on January 18 and engaged in the following transaction during first two weeks of operation

  • Jan.18 issued capital stock in exchange for$ 30000 cash
  • JAN 22borrowed$20000 from its bank by a note payable
  • Jan. 23 paid$100 for radio advestiment
  • Jan. 25 provide$1000 of service to clients for cash
  • Jan26 provide $2000 of service to client on account
  • Jan 31 collected$1800 cash from clients for the service provided on January 26

Determine the cash balance in cash account of geography on junary 31

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M93065713

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