Business transactions completed by Hannah Venedict during the month of September are as follows.

  1. Venedict invested $80,000 cash along with office equipment valued at $21,000 in a new sole proprietorship named HV Consulting.
  2. The company purchased land valued at $35,000 and a building valued at $160,000. The purchase is paid with $35,000 cash and a long-term note payable for $160,000.
  3. The company purchased $1,500 of office supplies on credit.
  4. Venedict invested her personal automobile in the company. The automobile has a value of $16,700 and is to be used exclusively in the business.
  5. The company purchased $5,500 of additional office equipment on credit.
  6. The company paid $1,600 cash salary to an assistant.
  7. The company provided services to a client and collected $7,600 cash.
  8. The company paid $635 cash for this month’s utilities.
  9. The company paid $1,500 cash to settle the account payable created in transaction c.
  10. The company purchased $20,100 of new office equipment by paying $20,100 cash.
  11. The company completed $7,000 of services for a client, who must pay within 30 days.
  12. The company paid $2,000 cash salary to an assistant.
  13. The company received $3,500 cash in partial payment on the receivable created in transaction k.
  14. Venedict withdrew $2,500 cash from the company for personal use.