10/01 XX company was formally established, and shareholders contributed $5,000,000 to obtain common shares of the company. 10/01 Pay the office rent for half a year, and the monthly rent is $80,000. 10/25 Hire employees, with a monthly salary of $45,000. 11/05 Purchased $250,000 of goods from KFC Company. 11/15 sold $500,000 worth of goods to MM Company. 11/20 Pay half of the purchase price of KFC. 11/30 Pay the employee's salary of the month $45,000 12/05 Received an account of $350,000 owed by MM. 12/08 Received and paid the November utility bill of $4,500. 12/20 sold $152,500 of goods to QQ company. 12/31 Please remember to make adjustment entries
10/01 XX company was formally established, and shareholders contributed $5,000,000 to obtain common shares of the company. 10/01 Pay the office rent for half a year, and the monthly rent is $80,000. 10/25 Hire employees, with a monthly salary of $45,000. 11/05 Purchased $250,000 of goods from KFC Company. 11/15 sold $500,000 worth of goods to MM Company. 11/20 Pay half of the purchase price of KFC. 11/30 Pay the employee's salary of the month $45,000 12/05 Received an account of $350,000 owed by MM. 12/08 Received and paid the November utility bill of $4,500. 12/20 sold $152,500 of goods to QQ company. 12/31 Please remember to make adjustment entries
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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10/01 XX company was formally established, and shareholders contributed $5,000,000 to obtain common shares of the company.
10/01 Pay the office rent for half a year, and the monthly rent is $80,000.
10/25 Hire employees, with a monthly salary of $45,000.
11/05 Purchased $250,000 of goods from KFC Company.
11/15 sold $500,000 worth of goods to MM Company.
11/20 Pay half of the purchase price of KFC.
11/30 Pay the employee's salary of the month $45,000
12/05 Received an account of $350,000 owed by MM.
12/08 Received and paid the November utility bill of $4,500.
12/20 sold $152,500 of goods to QQ company.
12/31 Please remember to make
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