Pay Monthly Expense for Software Upgrading (O2, 10,000), Web Site Development (O3, 2,500), Web Site Maintenance (O4, 4,000), Staff Salaries (O6, 8,000), General Costs (O8, 4,050) and Office Maintenance (O9, 300). Sum of all transactions 28,850.
The two previous transactions have provided resources to the firm from two external sources, first by the owners of the company and then by our friendly supplier who has thus become a creditor. The firm is now ready to start its administrative activities.
The initial action in the first month is to set up its administration including staff salaries, general costs and office maintenance. Also we need to outsource experts in software upgrading, web site development and web site maintenance.
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