Summer Smith started Summer Smith Shipping, SSS, on July 1st, and had the following transactions: 7-1: Summer Smith contributed $400,000, cash to SSS. 7-1: SSS signed a lease and paid $75,000, in cash. The term of the lease in 3 months beginning on July 1st. 7-2: SSS purchased supplies for cash of $20,000. 7-5: SSS provided shipping services to

Sep 8, 2023

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Summer Smith started Summer Smith Shipping, SSS, on July 1st, and had the following transactions: 7-1: Summer Smith contributed $400,000, cash to SSS. 7-1: SSS signed a lease and paid $75,000, in cash. The term of the lease in 3 months beginning on July 1st. 7-2: SSS purchased supplies for cash of $20,000. 7-5: SSS provided shipping services to
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