Business, 21.01.2021 23:00 sophiapilare8276

Ivanhoe Company entered into these transactions during May 2022, its first month of operations. 1. Stockholders invested $35,500 in the business in exchange for common stock of the company. 2. Purchased computers for office use for $28,000 from Ladd on account. 3. Paid $3,700 cash for May rent on storage space. 4. Performed computer services worth $18,100 on account. 5. Performed computer services for Wharton Construction Company for $6,800 cash. 6. Paid Western States Power Co. $9,000 cash for energy usage in May. 7. Paid Ladd for the computers purchased in (2). 8. Incurred advertising expense for May of $3,400 on account. 9. Received $10,200 cash from customers for contracts billed in (4).

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Ivanhoe Company entered into these transactions during May 2022, its first month of operations. 1. S...

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