From the following business transactions of Candy Wong (landscape consultant):
a. State the impact on the accounting equation for each transaction. For example:
6 June ↑ Cash $5000 ↑ Capital $10 000
b. Prepare a worksheet for the month of June 2014 from the following information.
DateTransaction
June 6Commenced business operations with a $10 000 cash injection.
8 Paid internet advertising fees $330.
11 Purchased drawing board on credit $1130.
16 Paid electricity account $126.
21 Purchased stationery for cash $176.
22 Sent invoice to client for services performed $374.
23 Purchased boyfrienda new iPadfor his birthday $490.
24 Paid business registration fee to local council $122.
28 Withdrew cash from business $400.
29 Paid business directory advertising expense $250.
30 Received interest from business bank account $5.70.