DATE

BUSINESS TRANSACTIONS

January   2

Purchased supplies for $3,000 cash; issued Check No. 1015.

2

Purchased & paid for a one-yearinsurance policy for $4,800; issued Check No. 1016.

7

Sold & provided services during the first week of January. $15,000 in cash sales and

$1,800 in credit sales.

12

Collected a total of $1,500 in cash from credit customers during the first week

of January.

12

Issued Check No. 1017 for $2,150 to pay for special promotional advertising to

new businesses on the local radio station during the month.

13

Collected a total of $2,250 in cash from credit customers during the second week

of January.

14

Returned supplies that were damaged for a cash refund of $275.

15

Sold & provided services during the second week of January. $18,250 in cash sales and

$2,375 in credit sales.

20

Purchased supplies for $1,800 from White's, Inc.; received Invoice No. 2384 payable

in 30 days.

20

Sold & provided services during the third week of January. $9,050 in cash sales and

$5,850 in credit sales.

20

Collected a total of $1,750 in cash from credit customers during the third week

of January.

21

Issued Check No. 1018 for $4,250 to pay for maintenance work on the office

equipment.

22

Issued Check No. 1019 for $2,750 to pay for special promotional advertising to

new businesses on the local newspaper.

23

Received the monthly telephone bill for $410 and paid it with Check No. 1020.

26

Collected a total of $4,570 in cash from credit customers during the fourth week

of January.

27

Issued Check No. 1021 for $2,000 to a vendor, as payment on account for Invoice

No. 2223.

28

Sent Check No. 1022 for $1,050 in payment of the monthly bill for utilities.

29

Sold & provided services during the fourth week of January. $14,050 in cash sales and

$2,250 in credit sales.

31

Issued Check No.'s 1023 - 1027 for $15,500 to pay the monthly salaries of the

regular employees and three part-time workers.

31

Issued Check No. 1028 for $6,000 for personal use.

31

Issued Check No. 1029 for $1,050 to pay for maintenance services for the month.

31

Purchased new equipment for $10,500 from Contemporary Equipment Company;

issued Check No. 1030 for $5,500and put the rest on account/credit. The equipment

has a 5 year useful life & no salvage value but depreciation won't begin until February.

31

Sold & provided services on January 31^st. $2,850 in cash sales and $1,450 in credit sales.