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Transactions Arrowhead Delivery Service is owned and operated by Gates Deeter

Accounting

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Transactions

Arrowhead Delivery Service is owned and operated by Gates Deeter. The following selected transactions were completed by Arrowhead Delivery Service during August:

1. Received cash in exchange for capital stock, $25,000.

2. Paid creditors on account, $3,750.

3. Billed customers for delivery services on account, $22,400.

4. Received cash from customers on account, $11,300.

5. Paid dividends, $6,000.