Lucy Morton opentd an engineering office and titled the business Engineering Enterprises PC. During its first month of operations, it completed the following transactions: 1. Lucy invested $30.000 in the business, which in turn issued common stock to her. 2. The business purchased equipment on account for $6 , 000 . 3. The business provided engineering services on account, $10 , 000 . 4. The business paid salaries to the receptionist, $1 , 000 . 5. The business recelved cash from a customer as payment on account $6 , 000 . 6. The business borrowed $8 , 000 from the bank, issuing a note payable. Total assets woukd be: 5
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Lucy Morton opentd an engineering office and titled the business Engin.docx
1. Lucy Morton opentd an engineering office and titled the business Engineering Enterprises PC.
During its first month of operations, it completed the following transactions: 1. Lucy invested
$30.000 in the business, which in turn issued common stock to her. 2. The business purchased
equipment on account for $6 , 000 . 3. The business provided engineering services on account,
$10 , 000 . 4. The business paid salaries to the receptionist, $1 , 000 . 5. The business recelved
cash from a customer as payment on account $6 , 000 . 6. The business borrowed $8 , 000 from
the bank, issuing a note payable. Total assets woukd be: 5
