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Following are transactions of gotebo tanners, inc., a new company, during the month of january 2012:
1. issued 10,000 shares of common stock for $15,000 cash.
2. purchased land for $12,000, signing a note payable for the full amount.
3. purchased office equipment for $1,200 cash.
4. received cash of $14,000 for services provided to customers during the month.
5. purchased $300 of office supplies on account.
6. paid employees $10,000 for their first month's salaries.
what was the balance of gotebo's cash account following these six transactions?
$29,800.
$19,300.
$17,800.
$22,400.
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Answers: 2
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Following are transactions of gotebo tanners, inc., a new company, during the month of january 2012:...
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