P 1–1

a.

Collected $2,000 cash in satisfaction of an amount owed by a customer

b.

Billed $3,000 to customers for chairs rented to date

c.

Paid the following expenses: advertizing, $300; salaries, $2,000; telephone, $100

d.

Paid half of the accounts payable

e.

Received a $500 bill for April truck operating expenses

f.

Collected $2,500 in satisfaction of an amount owed by a customer

g.

Billed $1,500 to customers for chairs rented to date

h.

Transferred $500 of prepaid expenses to rent expense

i.

Counted $200 of supplies still on hand (recorded the amount used as an expense)

j.

Issued additional share capital and received $1,000 cash

k.

Paid $200 dividend in cash.