Instructions On January 1, 2045, Fahad Ali established Mountain Top Realty, which completed the following
transactions during the month:
Jan.
1
Fahad Ali transferred cash from a personal bank account to an account to
be used for the business. $53.000.
2
Paid rent on office and equipment for the month. $7.950.
<
3
Purchased supplies on account, $4.240.
4
Paid creditor on account. $2,320.
5
Earned fees, receiving cash, $24.180.
6
Paid automobile expenses (including rental charge) for month, $2.490,
and miscellaneous expenses, S560.
7
Paid office salaries 56.630.