Rivera Roofing Company, owned by Reyna Rivera, began operations in July and completed these transactions during that first month of operations.
| July | 1 | Reyna Rivera invested $80,000 cash in the company in exchange for its common stock. |
| 2 | The company rented office space and paid $700 cash for the July rent. | |
| 3 | The company purchased roofing equipment for $5,000 by paying $1,000 cash and agreeing to pay the $4,000 balance in 30 days. | |
| 6 | The company purchased office supplies for $600 cash. | |
| 8 | The company completed work for a customer and immediately collected $7,600 cash for the work. | |
| 10 | The company purchased $2,300 of office equipment on credit. | |
| 15 | The company completed work for a customer on credit in the amount of $8,200. | |
| 17 | The company purchased $3,100 of office supplies on credit. | |
| 23 | The company paid $2,300 cash for the office equipment purchased on July 10. | |
| 25 | The company billed a customer $5,000 for work completed; the balance is due in 30 days. | |
| 28 | The company received $8,200 cash for the work completed on July 15. | |
| 30 | The company paid an assistant’s salary of $1,560 cash for this month. | |
| 31 | The company paid $295 cash for this month’s utility bill. | |
| 31 | The company paid $1,800 cash in dividends to the owner (sole shareholder |