Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January 2012:
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1. Issued 10,000 shares of common stock for $15,000 cash.
2. Purchased land for $12,000, signing a note payable for the full amount.
3. Purchased office equipment for $1,200 cash.
4. Received cash of $14,000 for services provided to customers during the month.
5. Purchased $300 of office supplies on account.
6. Paid employees $10,000 for their first month's salaries.
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How many of these transactions decreased Gotebo's total assets?
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Posted 11 Aug 2017 03:08 PM
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