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Stack #127715

? two act. chng on balanace stAnswer
july 30 borrowed 100,000 for three years from big bank LTL and cash
on Aug 1 smith invested 1000 in the business cash , capital assets
on august 3 smith purchased 100 of supplies with cash cash, RE
aug 5 she purchased 500 of office furniture on accoutn fixed assets and, Acct payable
aug 7 she provided services to the golden agers home. she billed them for 250 which they agreed to pay in 30 days acct rec and RE
on aug 10 she provided services to the old sailors home. s he billed them for 400 which they paid cash and RE
Aug 18 she paid rent of 250 with cash cash and retained earning
on aug 25 she withdrew 100 cash for personal use cash and captiol acct (owneers withdraw) {if not option choose RE}
on aug 28 she received and paid a utilities bill for 50 cash and retained earnings
on aug 30 smith paid 100 on account for previously purchased furniture cash and acct payable
owner withdraws 5000 for person use cash, RE
Depreciation for the period is 100 Fixed asset, RE
Sales for the month are 2000 and 30% on account 70% cash cash&RE, cash and acct Rec
borrow $5000 for 3 years cash and Long term notes payable
purchase 500 of fixtures on credit fixed assets and current liabilities
the owner invested money into the bus. cash, capital assets
your provide a service and gave them 30 days to pay it accounts receivable and RE
owner purchase 100 of supplies cash and RE
the pharmacy buys merchandise from wholeshale by credit account payable and inventory
Created by: lainylaina
 

 



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