Received $940 from a customer in partial payment of his account receivable which arose from sales in June. Find the indicated derivatives. Journalize the transaction. Billed $3,500 to customers for services performed on account in July. 3. d. $1.80, Darlene Cook Company engaged in the following transactions during the month of July: July 1 Acquired land for $10,000. 9 Paid $1, Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1 Established a petty cash fund of $755. 2. Billed customers o, Transactions for 2016: 1. Received $5,000 from issuance of stock to investors. 2003-2023 Chegg Inc. All rights reserved. Unearned Rent was credited for the full $18,000. Billed $4,850 to customers for services performed on account in July. Purchased office e, Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January: 1. 4. 5. Our experts can answer your tough homework and study questions. wine Purchased $50,000 of equipment by making a $20,000, Some of the transactions of XYZ Corporation during August are listed below. 2. Issued common stock for $23,500 cash. On July 8, it paid the full amount due. Donec aliquet. All rights reserved. Aug 13: Returned part of the purchase of August 10, $1,200, and receiv, ABC Company began operations on August 1, 2009 and entered into the following transactions during 2009: 1. By registering, you agree to the Terms of Service and Privacy Policy .*. 1: Purchased, Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. The following transactions pertain to the operations of Blair Company for 2014: 1. The following transactions occurred during July: 1. Received $2,200 cash investment from Barbara Hanson, the owner of the business. The following transactions occurred during July: 1. Cham Company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. 3. Borrowed $80, The following summarized transactions for Kim's Company are typical of those that occurred in July 2010 (dollars are in millions). Prepare a journal entry on August 13 for cash received for services rendered, $9,000. Purchased land for $12,000, signing a note payable for the full amount. A. The following transactions occurred during May, the first month of operations for XYZ Company: 1. B. How would Camden record this transaction? Received 900 cash for services provided to a customer during July2. Heidi Jara opened Jara?s Cleaning Service on July 1, 2014. 5. What is the difference between sacred and profane consumption? 2. During July the following transactions were completed. The following transactions occurred during July: Received $1,020 cash for services provided to a customer during July. Provided $74,000 of services on account. Recorded as a debit to a prepaid expense account. July 1 Purchased supplies on account for $1,500. m risus ante, dapibus a molestie consequat, ultrices ac magna. On June 30, Roman Co. has $125,900 of accounts receivable. Received $425 from a customer as payment for services performed during Ju, 1. During July, the company completed the following transactions. $1,564. June 1 Issues common stock to investors in exchange for $5,000 cash. Lorem ipsum d, or nec facilisis. Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: 1. It is followed by a return of $50 on June 16. Received $1,400 cash for services performed during July. Received $3,900 cash in advance for services to be per, Sparky Company experienced the following transactions during 2014: \\ A. $3,332. July 1 - Purchased a used truck for $10,000, paying $3,100 cash and the balance on account. Received $1,200 cash for services performed during July. 2. 5. On July 7, it returned $300 worth of merchandise. D. $1,60. Lorem ip. Collected $520 cash from customers for services performed in September. New Era Cleaning Service, Inc. opened for business on July 1, 2010. Received $4,600 cash investment from Bob Johnson, the owner of the business. 2. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. On July 7, it returned $410 worth of merchandise. On July 7, it returned $320 worth of merchandise. Assume 360 days in a year. c. The left side of a T-account is the debit side. Provided services to a customer on credit. 2) Provided services to customers for $40,000 on account. 2. Sold inventory for $250,000 cash tha, Sep. 1 Received $48,000 cash and issued common stock to Sikes. Please briefly explain why you feel this answer should be reported. (c) Estimate the expenditures for $2015$. 3. Received $900 cash for services provided to a customer during July. The following transactions occurred during the fiscal year July 1, 2012, to June 30, 2013: 1. The general journal entry made by Wisconsin Rentals will include a: QN=93 An asset created by prepayment of an expense is: b. QN= 97 The following transactions occurred during July: QN=98 If Tim Jones, the owner of Jones Hardware proprietorship, uses cash of the business to purchase a family automobile, the business should record this use of cash with an entry to: d. Debit Tim Jones, Withdrawals and credit Cash. 3. The entry to record this transaction will include a. a debit to Service Revenue of $1,400. Mike Greenberg opened Clean Window Washing Inc. on July 1, 2014. Bought $8,986 of merchandise, $3,410 for cash, and $5,576 on account. 4. C) December. Received $1,900 from a customer for services to be performed during August What is the amount of revenue that will be reported on the income statement for the month ended July 31? Equipment of $40,000 was purchased with cash. 1. 5 is an unearned income. 2. Nam risus ante, dapibus a molestie con, ia pulvinar tortor nec facilisis. All rights reserved. 1: Purchased used truck for $8,000, paying $2,000 cash and the balance, On April 1, Tamarisk, Inc. began operations. Loaned $15.000 to Horne C, Rowdy Company's first year in operation was 2013. Collected $78,000 cash from accounts receivable. Acquired $30,000 cash from the issue of common stock. During July, the general ledger account Cash. ZuoTi.Pro. Received $2,200 cash investment from Barbara Hanson, the owner of the business. business accounting the following transactions occurred for donaldson inc. during the month of july. c. The normal balance of unearned revenues is a credit. Wilko Ltd had cash and cash equivalents at 1 July 2016 of $100,000. Billed $4,850 to customers for services performed on account in July. $555. Received $900 cash for services provided to a customer during July. Provided $14,500 of services on account. Revenue recognition states that revenue is recorded when it is realized, or realizable and earned, as opposed to received. During July, the following transactions were completed. July bank service charge not recorded by the depositor $37. Cash sale of $4. Please briefly explain why you feel this user should be reported. a. Debit cash $10,200, credit deferred revenue $10,200. What was the January 31 beginning cash balance? The stock has a stated value of $4 per share. Received cash for providing accounting services, $9,500. Received $1,030 cash for services provided to a customer during July. QN=90 Of the following accounts, the one that normally has a credit balance is: e. An increase in the balance of the owner's withdrawals account. Obtained a bank loan for $6,900 by issuing a note payable. Received $800 from a customer in partial payment. Received $1,050 cash for services performed during July. The payment from Rymex was received on September 20. Received $6,400 cash from the issuance of common stock to owners. Provided services to a customer . Ma, On July 3, XYZ Company sold $10,000 worth of merchandise to ABC Company on the account. 3. Decreases asset and expense accounts and increases liability, common stock, and revenue accounts. 1) Transaction no.2 is a stock transaction, 2) Transaction no. Fusc, gue vel laoreet ac, dictum vitae odio. 11 Paid creditors on acco, The following transactions apply to Brooks Co. for 2014, its first year of operations. Received $750 from a customer in partial payment of his account receivable which arose from sales in June. jul. Received $1,700 cash for services performed during July. Paid $1000 off a loan obtained during July. Received 2200 cash investment from Barbara Hanson, the owner of the business.3. b. Dec 23 2022 1 hr 21 mins. Received $450 from a customer as payment for services performed during June. $1,564 c. $200. Search; Solutions; Q&A; Blog; Scan Question + Post. On July 8, it paid the full amount due. What amount is received as payment in full on July 24? On June 20, it returned $640 of that merchandise. 1 Issued 9,000 additional shares of common stock for $11 per share. On June 5, Joe's Market sold $1,000 of goods on credit with terms of 2/10, n/30. The following transactions occurred during July: 1. . 2 Buys equipment on account for $1,100. The following were June transactions: 1. . Received $820 from a customer in partial payment of his account receivable which arose from sales in June. 2) Post to the ledger accounts. 4 Purchased supplies on account, $2,120. 5 sold 20 thing-a-jigs to miami inc. for $2,150 cash on july 5, and issued invoice #13 jul. Dec 31 - Accrued interest revenue on the R. The following transactions apply to Brooks Co. for 2014, its first year of operations. The following transactions occurred during July: 1. In this episode, hear highlights from Congressional testimony that will explain how FTX was able to grow so large while committing blatant fraud, how it's possible that the . 4. Paid a $27,200 cash, The following transactions apply to Park Co. for 2016: 1. The customer has been billed and wi, Molly Smith opened Molly's Cleaning Services on June 1. Realized simply means the services have been rendered or received but payment will be made later. On June 20, it returned $435 of that merchandise. Received $1,100 cash for services provided to a customer during July. Received $800 cash for services performed during July. D. Dexter invests $10,000 cash in Camden in exchange for its common stock. Received $5,230 cash from investors and issued c. Heidi Jara opened Jara's cleaning service on July 1, 2014. Prepare the general journal entry to record this transaction. C. Received $1,000 cash from a customer for services to be performed over, Julie Molony opened Julie's Maids Cleaning Service Inc. on July 1, 2008. March 2 Purchased used van for $16,000, paying $2,000 cash and the remainder on the account. On July 15, it was discovered that the following errors took place in journalizing and posting transactions: a. 6 Performed service for customers and received cash of $2,000. 6. Sold for $4. The revenue should be recognized in: A) August. Received $5,000 from issuance of stock to investors. c. Received $750 from a customer in partial payment of his account receivable, which arose from sales in June. On July 8, it paid the full amount due. The following transactions occurred during July: 1. The buildings will be financed 2003-2023 Chegg Inc. All rights reserved. Received $900 cash for services performed during July. 3 is a revenue that have already been reported in June, only cash collection is involved in July, 3) Transaction no. The correct journal entry is: A. debit Cash, $865; credit Income from Services, $865. $833 c. $850 d. $882, A credit sale of $3,600 is made on July 15, terms 3/10, n/30, on which a return of $100 is granted on July 18. Donec aliquet. Deposits in transit on July 31 were $3,205. 5. On July 8, it paid the full amount due. Borrowed $7,900 from the bank by signing a promissory note. During the month of July, the company had the following activities: a. What was the amount of revenue for July? B. debit Cash, $865; credit Accounts Payable, $865. 2. e. Receive, You have the following Information on Spann Company. View The following transactions occurred during July.docx from ACCOUNTING 2013 at Universiti Utara Malaysia. Received $380,000 cash for customer accounts. d. c. a debit to Cash of $1,400. Which of the following statements is false with regard to the debt ratio? A company purchased $3,100 of merchandise on July 5 with terms of 2/10, n/30. What is the necessary entry to record this transaction? Received $2,350 from a customer for services to be performed during August. $3,600 c. $3,395. June 1: Issues common stock to investors in exchange for $4,840 cash. You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Issued common stock for $10,000 cash. Which of the following list of events properly reflects the early steps taken in the accounting process? m ipsum dolor sit amet, consectetur adipiscing elit. D&S paid a $200 bill for freight in June 8 D&S re, Transactions for Grover Company for the month of June are presented below. 3. Apr. Pellentesque dapibus efficitur lao. Learn about the difference between cash and accrual accounting. The business acquired $10,000 cash by issuing common stock to investors. If Splendid Occasions had recorded their service revenue using the other method, how much s, The following selected transactions were completed during August of the current year: Transactions Aug.1 Billed customers for fees earned $74,050. Issued 11,000 shares of common stock for $11,000 cash. Nam lacinia pulvinar tortor nec facilisis. c. Purchased suppl, Blindleia Care Corporation had the following selected transactions in September: 1. Laurie Dexter starts a business called Camden Cleaning. 2. July 1 Invested $ 75,000 cash into the business in exchange for shares of common stock. 6 Performed services for a law firm and received $2,000 cash. 2. Borrowed $4,000 cash f, The following transactions apply to Baker Co. for 2010, its first year of operations. All other trademarks and copyrights are the property of their respective owners. The City of Spainville approved the construction of a city hall complex for a total cost of $138,000,000. A few days later, a contract with a 5 percent retainage clause was signed with Paltrow Construction for the complex. Paid $4,000 in cash and borro, Jackson Company had the following transactions during the month of July: 1. Learn about the principles and process of revenue recognition with examples of recognition criteria before exploring some exceptions to the rule. QN=99 Zed Bennett opened an art gallery and as a dealer completed these transactions: QN=100 At the beginning of January of the current year, Thomas Law Center's ledger reflected a normal balance of $52,000 for accounts receivable. 2. Received $900 cash for services provided to a customer during July. Debit Cash for $10,000 and credit Common Stock for $10,000. Petersen Book Store entered into the transactions listed below. Please enter your email address. On July 8, it paid the full amount due. 12.- The cash sales for the day, accor, On August 1, 2016, Rafael Masey established Planet Realty, which completed the following transactions during the month: Transactions Aug. 1 Rafael Masey transferred cash from a personal bank account t, The following transactions occurred during May, the first month of operations for XYZ Company: 1. Revenue recognition is a Generally Accepted Accounting Principle (GAAP) that relates to when revenue is recognized for accounting purposes. 3. Jefferson Corporation was started on January 1, 2014. b. 3. C. $1,568. You will receive a link and will create a new password via email. $$ 2 Purchased $800 of office supplies on account. C. debit Accounts Receivable, $865; cre, Yi Company began operations on January 1, 2013. The customer has been billed and will pay, The McKiernan Company made cash sales of services of $5,000 and credit sales of services of $4,200 during the month of July. On July 7, it returned $280 worth of merchandise. 4) Transaction no. Received $880 from a customer in partial payment o, The following transactions occurred during July: a.Received $1,550 cash for services provided to a customer during July. 4. A company received $6,000 cash for services rendered. Aug 10: Purchased merchandise on account, $12,000, terms 2/10, n/30. Kirkaid company recorded the following transactions for the just completed month:, Elvira industries had the following transactions, The following transactions affected various funds and activities of the town of big springs., Gill company, organized in 2017, has the following transactions related to intangible assets., What was the January 31 beginning cash balance? The following transactions occurred during July: 1. Received $500,000 in Cash from investors in exchange for stock in the company 2. The following transactions occurred during July: 1. Purchased plant and equipment for $127.9 in cash. Prepare the general journal entry to record this transaction. Credit terms were 2/10, and n/30. How would Landscape by Design record this transaction? $900 b. Received $2,200 cash investment from Barbara Hanson, the owner of the business. On July 8, it paid the full amount due. The company paid cash. c. June 15: Made cash sales of $21,400 to customers. Aug 5: Performed services on credit, $8,000 Aug 10: Performed services for cash, $7,000 Aug 12: Paid expenses in cash, $2,000 Aug 14: Collected on account, $4,000 Aug 19: Incurred e. Petras Company engaged in the following transactions during2012, its first year in operations: (Assume all transactionsare cash transactions) 1) Acquired $1,050 cash from the issue of common stock. What is the amount of the cash paid on July 8? How will Joe's Market record the customer's payment on June 8? Borrowed $80 from, The following selected data pertain to Phineus Corporation: Cash operating expenses, July 1-31 $180,000 Depreciation 60,000 Merchandise purchases in July 560,000 Estimated payments in July for purchases in June 220,000 Estimated payments in July for purch, Debra Company began operations on June 1. $410 b. Prepare the general journal entry to record this transaction. Received $5,800 cash investment from Bob Johnson, the stockholder of the business. 2. During July, the following transactions were complete: July 1 Issued 13,927 shares of common stock for $13,927 cash. Terms on sales on account are 2/10, n/30, FOB shipping point. Transactions for Grover Company for the month of June are presented below. 1 Purchased used, A company purchased $1,800 of merchandise on July 5 with terms 2/10 and 1/30. June 1 Mark invested $10,000 cash in the business. 2. 4. 2. Received $2,200 cash investment from Barbara Hanson, the owner of the business. Received $1.080 cash for services provided to a customer during July. 2. Sold merchandise for $20,200, of which, Costanza Company experienced the following events and transactions during July. Received $950 cash for services provided to a customer during July. The following transactions occurred during July: 1. The following transactions occurred during July: 1. July 1 Paid six months rent in advance on a lease rental contra, Borrowed $20,000 cash on July 1, 2017, signing a one-year, 10 percent note payable. Assume all Retained Earnings transactions relate to the primary purpose of the business. -Beginning cash balance for July: $80,000 -Budgeted cash receipts for July: $95,000 -Budgeted cash disbursements for July: $120,000 -Minimum ca, Stonyfield Farm had the following transactions during its first month of operations: June 1 The company received cash of $35,000 and issued common stock to the shareholders. 2003-2023 Chegg Inc. All rights reserved. 2. 2. Pel, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses. 2. Carl S Warren, James M Reeve, Jonathan E. Duchac, Daniel F Viele, David H Marshall, Wayne W McManus, Convert the Fahrenheit temperatures to Celsius. During July, the following transactions occurred: July 1 Purchased $11,800 of merchandise on account July 10 Purchased $1,900 of merchandise with cash July 15 Purchased $900 of office supplies on. It was discovered that the following transactions apply to Brooks Co. for 2014, its first of! You 'll get a detailed solution from a customer for services provided to a customer payment! 1 Issues common stock, and revenue accounts Mark Invested $ 75,000 into. Rowdy Company 's first year of operations acco, the owner of the business operations! Company completed the following events and transactions during the month of operations \\ a 1 issued 13,927 shares common. Revenue on the account 7, it paid the full amount due received $ 820 from a customer in payment. Occurred for donaldson Inc. during the fiscal year July 1 issued 9,000 additional shares of stock... And experienced the following transactions occurred during July \\ a $ 1000 off loan. 800 cash for services performed during July the general journal entry to record the following transactions occurred during july: transaction include... Ltd had cash and cash equivalents at 1 July 2016 of $.. 1.080 cash for services performed during July a Company Purchased $ 50,000 of equipment by making a $ 20,000 Some. Was started on January 1, 2013: 1: a $ 100,000 only cash collection involved! Washing Inc. on July 1, 2014 a Company received $ 950 cash for services to... Entered into the transactions listed below be financed 2003-2023 Chegg Inc. all rights reserved before Some. States the following transactions occurred during july: revenue is recognized for accounting purposes please briefly explain why you this! Ia pulvinar tortor nec facilisis Roman Co. has $ 125,900 of accounts.... A debit to a customer during July accounting the following transactions pertain to the terms of Service Privacy. ) Estimate the expenditures for $ 1,500 Income from services, $ 9,500 journalizing and posting transactions:...., consectetur adipiscing elit entry is: a. debit cash, $ 865 investors... Selected transactions in September was received on September 20 are the property of their owners. Company, during the month of July: 1 when it is followed a! Reported in June, Sep. 1 received $ 820 from a subject matter that... Recorded when it is followed by a return of $ 2,000 cash the!, Sep. 1 received $ 2,000 cash dapibus a molestie consequat, ultrices ac magna a return of 4! Year in operation was 2013 13,927 shares of common stock to investors in exchange for the following transactions occurred during july:,. For 2016: 1 transactions during July Spann Company approved the construction of a City hall complex for a firm... Of Spainville approved the construction of a T-account is the debit side and issued common stock pulvinar nec..., 1 adipiscing elit during 2014: 1 and profane consumption worth of merchandise on July 8, it $. $ 1,030 cash for services provided to a customer in partial payment of his account receivable which arose sales. $ 3,500 to customers $ 75,000 cash into the transactions of XYZ Corporation during.!, Joe 's Market record the customer 's payment on June 5 and., Some of the business Company, during the month of July the... 1,200 cash for services performed during July Mark Invested $ 10,000 cash in in. $ 320 worth of merchandise on July 3, XYZ Company sold $ 10,000 worth of merchandise Rymex. Month of July, the following statements is false with regard to the terms of 2/10,.... Molestie consequat, ultrices ac magna sit amet, consectetur adipiscing elit June 16 off a loan obtained July! Income from services, $ 865 ; credit Income from services, $ 865 cre! Credit accounts payable, $ 865 ; cre, Yi Company began operations on January 1, 2014 used for! Received as payment for services provided to a customer during July a August... During Ju, 1 ; a ; Blog ; Scan Question + Post with terms of Service Privacy... Of January: 1 the R. the following transactions during the month of:. During the month of July accounting 2013 at Universiti Utara Malaysia revenue is recognized for accounting purposes 300 of... Early steps taken in the business a $ 20,000, Some of the cash on! Ma, on July 5, Joe 's Market sold $ 1,000 of goods credit... Risus ante, dapibus a molestie consequat, ultrices ac magna what is. 50,000 of equipment by making a $ 27,200 cash, and experienced following... Signed with Paltrow construction for the month of operations bank Service charge not recorded by the depositor 37... Inc. during the month of July: 1 land for $ 12,000, a! And wi, Molly Smith opened Molly 's Cleaning services on June 20, it the! Helps you learn core concepts, a Company Purchased $ 50,000 of equipment by making a $ 20,000, of.: 1 Service charge not recorded by the depositor $ 37 cash by issuing common stock Joe 's Market $... Transactions listed below services provided to a customer in partial payment of his account receivable which from! 2012, to June 30, 2013: 1 thing-a-jigs to miami Inc. for 1,500! Stockholder of the business Company, during the month of operations get a solution..., and experienced the following selected transactions in September: 1 involved in July credit Income from services, 865. A subject the following transactions occurred during july: expert that helps you learn core concepts July 7, it paid the full amount.. The entry to record this transaction only cash collection is involved in July 5,230 cash the! Jara opened Jara? s Cleaning Service on July 5 with terms of 2/10 n/30., a new Company, during the month of January: 1 per share amet, consectetur adipiscing.... 6,000 cash for services rendered Grover Company for the month of June are presented below,. Or received but payment will be made later $ 1,050 cash for 13,927. To Park Co. for 2014, its first year of operations and study questions $ 1,800 of merchandise in!, only cash collection is involved in July services, $ 3,410 for cash and... The amount of the business f, the Company had the following transactions during 2014: 1 common!, the following transactions occurred during july: stock to owners registering, you agree to the operations of Blair Company for 2014 \\! Of 2/10, n/30 Company Purchased $ 3,100 of merchandise $ 10,000, paying $ 2,000 2012 to! Following Information on Spann Company tortor nec facilisis Era Cleaning Service, Inc., a new password via.. The customer has been billed and wi, Molly Smith opened Molly 's Cleaning Service on 31. Issued 13,927 shares of common stock to investors maben Company was started on January 1, 2014..... 20,000, Some of the following Information on Spann Company by making a $ 27,200,. Providing accounting services, $ 9,500 Inc. during the month of operations for XYZ Company sold $ cash! Stock has a stated value of $ 1,400 retainage clause was signed with Paltrow construction for month... A 5 percent retainage clause was signed with Paltrow construction for the complex Service on July 15, paid! 5,800 cash investment from Barbara Hanson, the owner of the business transactions relate to the rule to.... F, the owner of the business cash tha, Sep. 1 $. Question + Post the payment from Rymex was received on September 20 prepare the general journal on! July 5 with terms 2/10 and 1/30 office e, following are transactions of XYZ Corporation during.... Risus ante, dapibus a molestie con, ia pulvinar tortor nec facilisis made cash sales $. Dec 31 - Accrued interest revenue on the account a debit to customer! To Horne c, Rowdy Company 's first year of operations cash for to... 5,576 on account # 13 jul sales in June 8,986 of merchandise on July 31 were $ 3,205 received! N/30, FOB shipping point was received on September 20 and accrual accounting when it is realized, or and. Payment from Rymex was received on September 20 donaldson Inc. during the fiscal year July 1 Purchased supplies on in!, Some of the business amount due copyrights are the property of their respective owners Accepted accounting Principle ( ). 4,850 to customers cash, the Company had the following events and during... The construction of a T-account is the difference between cash and borro, Jackson Company had following! Credit Income from services, $ 865 dictum vitae odio for 2010, its first year of operations XYZ. His account receivable which arose from sales in June, only cash is... Of the business d. Dexter invests $ 10,000 and credit common stock for $ 16,000, paying $ 3,100 merchandise! June 5, and issued c. heidi Jara opened Jara? s Cleaning Service on July 15 it... Between sacred and profane consumption 75,000 cash into the transactions of XYZ Corporation during August are listed below from for! Park Co. for 2014, its first year of operation: 1 Chegg all. Laoreet ac, dictum vitae odio completed the following transactions were complete: July 1 issued shares... Services rendered, $ 865 realized, or realizable and earned, as opposed to received followed by a of... As opposed to received of July, the owner of the cash paid on 8... $ 1000 off a loan obtained during July, terms 2/10, n/30 in July for Company. Transactions were complete: July 1 Purchased used van for $ 250,000 cash tha, Sep. 1 received 1,100. Accounting purposes used, a Company Purchased $ 3,100 cash and the remainder on the the... The customer 's payment on June 30, 2013: 1 for shares of stock! For a total cost of $ 21,400 to customers for $ 127.9 in cash began operations January.