Lisa Anderson started her own consulting firm, Lisa Consulting, on May 1, 2022. The following transactions occurred during the month of May. May 1 2 3 5 9 12 15 Lisa invested $6,700 cash in the business. Paid $850 for office rent for the month. Purchased $700 of supplies on account. Paid $160 to advertise in the County News. Received $3,600 cash for services performed. Withdrew $1,000 cash for personal use. Performed $5,800 of services on account.

Lisa Anderson started her own consulting firm, Lisa Consulting, on May 1, 2022. The following transactions occurred during the month of May. May 1 2 3 5 9 12 15 Lisa invested $6,700 cash in the business. Paid $850 for office rent for the month. Purchased $700 of supplies on account. Paid $160 to advertise in the County News. Received $3,600 cash for services performed. Withdrew $1,000 cash for personal use. Performed $5,800 of services on account.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter3: Income Sources

Section: Chapter Questions

Problem 79P

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