financial accounting 242478

J. D. Simpson started The Simpson Co., a new business that began operations on May1. The Simpson Co. completed the following transactions during its first month of operations.

 

May 1 J. D. Simpson invested $60,000 cash in the company in exchange for common stock.

1 The company rented a furnished office and paid $3,200 cash for May?s rent.

3 The company purchased $1,680 of office equipment on credit.

5 The company paid $800 cash for this month?s cleaning services.

8 The company provided consulting services for a client and immediately collected $4,600 cash.

12 The company provided $3,000 of consulting services for a client on credit.

15 The company paid $850 cash for an assistant?s salary for the first half of this month.

20 The company received $3,000 cash payment for the services provided on May 12.

22 The company provided $2,800 of consulting services on credit.

25 The company received $2,800 cash payment for the services provided on May 22.

26 The company paid $1,680 cash for the office equipment purchased on May 3.

27 The company purchased $60 of advertising in this month?s (May) local paper on credit; cash payment is due June 1.

28 The company paid $850 cash for an assistant?s salary for the second half of this month.

30 The company paid $200 cash for this month?s telephone bill.

30 The company paid $480 cash for this month?s utilities.

31 The company paid$1,200 cash for dividends.

 

 

 

 

 

I understand all of this however I still need the Dividends, Revenue, and Expenses

 

Are the expenses everything that says Paid?

Are the Dividends only the 1,200 Dollars?

Is the Revenue only what the company received?

 

 

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