Stack #127715
Help!
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| july 30 borrowed 100,000 for three years from big bank | LTL and cash
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| on Aug 1 smith invested 1000 in the business | cash , capital assets
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| on august 3 smith purchased 100 of supplies with cash | cash, RE
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| aug 5 she purchased 500 of office furniture on accoutn | fixed assets and, Acct payable
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| 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
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| on aug 10 she provided services to the old sailors home. s he billed them for 400 which they paid | cash and RE
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| Aug 18 she paid rent of 250 with cash | cash and retained earning
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| on aug 25 she withdrew 100 cash for personal use | cash and captiol acct (owneers withdraw) {if not option choose RE}
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| on aug 28 she received and paid a utilities bill for 50 | cash and retained earnings
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| on aug 30 smith paid 100 on account for previously purchased furniture | cash and acct payable
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| owner withdraws 5000 for person use | cash, RE
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| Depreciation for the period is 100 | Fixed asset, RE
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| Sales for the month are 2000 and 30% on account 70% cash | cash&RE, cash and acct Rec
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| borrow $5000 for 3 years | cash and Long term notes payable
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| purchase 500 of fixtures on credit | fixed assets and current liabilities
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| the owner invested money into the bus. | cash, capital assets
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| your provide a service and gave them 30 days to pay it | accounts receivable and RE
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| owner purchase 100 of supplies | cash and RE
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| the pharmacy buys merchandise from wholeshale by credit | account payable and inventory
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Created by:
lainylaina