Whitelands Consulting, Inc. began business on January 1, 2013.It sold $100 of stock to its investors on that day. This Americancompany lists and trades its stock on the New York Stock Exchange.During its first month of operations, Whitelands providedconsulting services to two clients. On January 15, 2013, it earned$60 from its first client. The client paid cash on that date.Whitelands provided consulting services to a second client onJanuary 30, 2013. The firm accepted the second client’s promise topay $30 in cash during February. Whitelands paid $75 in cash tocover its January operating expenses on January 31, 2013.
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