Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. abdo salem opened a computer consulting business c

Abdo Salem opened a computer consulting business called Capital Consultants. The company completed the following...

80.2K

Verified Solution

Question

Accounting

Abdo Salem opened a computer consulting business called Capital Consultants. The company completed the following transactions during the month of January 2024:
Jan 1. Mr. Salem invested in the business $25,000 in cash.
Purchased office supplies for $250.
Purchase office equipment for $6500 on account.
Completed a consulting service for a client and immediately received $3,500 fees in cash.
Completed a $5,000 project for a client, who will pay in 30 days.
Paid $2000 of his liability created on January
Received $780 advertising bill, will be paid later.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

udent PlayerHomework aspx avidades C Chikunguna

Basic Math
Q

Gestalt is a unified whole that cannot be predicted from summing its component parts. Gestalts may...

Psychology
Q

In a study of obesity the following results were obtained from samples of males and females...

Statistics
Q

CASE STUDY Naperville Hardware Distribution Matt Weber and Quinn Domyancic, CEO and COO respectively of Naperville Hardware Distributors...

General Management
Q

3 Capillary action happens when A B Gravity is stronger than adhesion Adhesion to the...

Biology
Q

a no solution Use this system of equations for questions 15 16 You will be...

Calculus
Q

y 2 tan x n 3 Period Phase shift Asymptote 1 x Asymptote 2 x...

Algebra
Q

Subtract (4x+2) from the sum of (7x + 2) and (5x+4). The result is (Simplify...

Algebra
Q

Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second...

Accounting
Q

Indigo Co. reported $180,000 of net income for 2017. The accountant, in preparing the statement...

Accounting
Q

- Instruction \#1 tells you to enter balances in the Balance column of the ledger....

Accounting
Q

An individual has $25,000 invested in a stock with a beta of 0.4 and another...

Finance