selected transactions form front room, an interior designer corporation, in its first month of business, are as follows. 1. issued stock to investors for $15000 cash 2. Purchased used car for use in business 10,000 cash 3.Purchased supplies on account for $300 4Billed customers $3700 for services performed. 5. Paid $200 cash for advertising at the start of the business. 6. received $1100 cash from customers billed in transaction. (4) 7. paid creditor $300 cash on account. 8. Paid dividends of $400 cash to stockholders.
