equirement #1 : completed the following transactions July 1 Began business by making a deposit in a company bank account of $40,000, in exchange Quick Tax Corporation, which specializes in tax preparation. July 3 July 5 July 7 July 10 July 14 for 4,000 shares of $10 par value common stock. Paid the current month’s rent, $2,500 Paid the premium on a 1-year insurance policy, $3,600 Purchased supplies on account from Little Company, S700. Paid employee salaries, $2,800 Purchased equipment from Lake Company, $9,500. Paid $1,500 down and the balance was placed on account. Payments will be S500.00 per month
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