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Business, 15.11.2021 01:00 Natspams9143

Jan. 2Owner contributed N50,000 and a new computer costing N20,500 to start the business. Jan. 4Office supplies were purchased on credit for N4,000. Jan. 10 The business obtained 12% 5-year loan of N20,000 from the bank. Jan. 12 Paid the utility bills for N2,750. Jan. 15 Paid the N3,000 in Accounts Payable from the purchase of office supplies on Jan. 4. Jan. 24  Services completed in January were billed to clients Annis’ Flowers at N18,300. Jan. 27  A. K Odeyinka Enterprises received N5,500 from Annies’ Flowers, a client, a payment on account. Jan. 30  Odeyinka withdrew N6,000 of cash for personal use

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Jan. 2Owner contributed N50,000 and a new computer costing N20,500 to start the business. Jan. 4Offi...
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