Jessica Bragg invested $107,000 cash into the business.
Jessica Bragg invested $107,000 cash into the business.
Subject: Business / Accounting
Question
1 Jessica Bragg invested $107,000 cash into the business. 1 Purchased Music Equipment for $55,000 cash. 1 Paid $9,480 for the next three month’s rent of a studio. 1 Obtained a long-term loan of $186,000 from the MRMC Bank. 4 Purchased approximately two months worth of office supplies on credit for $2,600 from Mapster
Supplies. 4 Paid $160 for a non-refundable account set-up fee to the telephone provider. 5 Received $3,400 in cash from D-Funkt Records for music lessons provided on that day. 9 Received $6,200 cash from Brashs World Records for future music lessons. 1
0 Provided $6,000 of music lessons on credit for Council Records. 1
4 Paid staff wages of $5,600 for the period up to and including yesterday. 1
7 Council Records paid $3,500 in partial payment of their account. 2
2 Jessica Bragg withdrew $1,000 cash from the business. 2
3 Received a cash payment of $6,000 from students for music lessons provided on that day. 2
6 Made a partial payment of $1,040 for office supplies purchased on 4 June. 3
0 Provided $3,700 of music lessons to Obsenity Records on credit.
