Unformatted text preview: three-year note payable for the balance. c. Provided $15,260 in animal care services for customers, all on account. d. Rented stables to customers who cared for their own animals; received cash of $13,200. e. Received from a customer $1,500 to board her horse in May, June, and July. f. Purchased hay and feed supplies on account for $3,210 to be used in the summer. g. Paid $840 in cash for water utilities incurred in the month. h. Paid $1,700 on accounts payable for previous balances. i. Received $1,000 from customers on accounts receivable. j. Paid $4,000 in wages to employees who worked during the month. k. At the end of the month, purchased a two-year insurance policy for $3,600. l. Received an electric utility bill for $1,200 for usage in April; the bill will be paid next month. m. Paid $100 cash dividend to each of the investors at the end of the month....
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- Spring '10
- Balance Sheet, Generally Accepted Accounting Principles, Transaction Analysis Exercise, Review Session Financial