132. Dave Shurek started Hindsight Electric in February 2020. Hindsight completed the
following transactions during February of the current year:
Feb. 1 Began a Hindsight Electric company by investing $7,000 in cash and
computer equipment having a $5,000 fair value.
Feb. 2
Purchased electrical tools for $1,100 on account.
Feb. 4
Completed hot tub electrical work for $1,900 on account.
Feb. 8
Completed electrical panel upgrade for $500 cash
Feb. 10 Paid for the items purchased on credit on February 2.
Feb. 14
Paid $1,600 for the annual rent.
Feb. 18
Received $900 for the work completed on February 4.
Feb. 27 D. Shurek withdrew $200 cash from the practice to pay personal expenses.
Feb. 28 Paid the February utility bills, $100.
