some question about accouting,hope somebody can help me
By mandymandy86
@mandymandy86 (3)
China
December 1, 2007 4:04am CST
how to do the entries of the transaction followed?
H created a company named RENTAL AGENCY LTD.The main business of this company is to rent equipment to people.H is the president of the company.
Jan 1.the company sold 20000 common shares to H for $8 each share paid 2.2007
June 23,H paid 2000 to repair the equipment that he had borrowed from the company.
Dec 30 the company received an invoice of 270 for using the electricity for next month.
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