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28 Sep 2019
For the past several years, Emily Page has operated a part-timeconsulting business
from her home. As of June 1, 2010, Emily decided to move to rentedquarters and to
operate the business, which was to be known as Bottom LineConsulting, on a full-time
basis. Bottom Line Consulting entered into the followingtransactions during June:
June 1. The following assets were received from Emily Page: cash,$20,000; accounts
receivable, $4,500; supplies, $2,000; and office equipment,$11,500. There were
no liabilities received.
1. Paid three months
For the past several years, Emily Page has operated a part-timeconsulting business
from her home. As of June 1, 2010, Emily decided to move to rentedquarters and to
operate the business, which was to be known as Bottom LineConsulting, on a full-time
basis. Bottom Line Consulting entered into the followingtransactions during June:
June 1. The following assets were received from Emily Page: cash,$20,000; accounts
receivable, $4,500; supplies, $2,000; and office equipment,$11,500. There were
no liabilities received.
1. Paid three months
from her home. As of June 1, 2010, Emily decided to move to rentedquarters and to
operate the business, which was to be known as Bottom LineConsulting, on a full-time
basis. Bottom Line Consulting entered into the followingtransactions during June:
June 1. The following assets were received from Emily Page: cash,$20,000; accounts
receivable, $4,500; supplies, $2,000; and office equipment,$11,500. There were
no liabilities received.
1. Paid three months
3
answers
1
watching
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Beverley SmithLv2
28 Sep 2019
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