The following events occurred during the month of September 2016 for the business of Eliza’s Webdesign Service:

Sept.

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Eliza deposited $40000 cash into the business bank account. A computer, telephone system and printer were purchased at a cost of $10000 cash. A part-time receptionist was hired to commence in October 2016. Web design services were provided to clients for $12000. The clients were invoiced but have not as yet paid. Advertising for the week amount to $1000 cash. A customer paid $3000 in advance for web design services scheduled for October.

Required:

A. Determine the effects of business transactions on a balance sheet by preparing a new balance sheet for Eliza’s Webdesign Service after each transaction has occurred.

B. Discuss the expected tasks of Eliza as the manager of Webdesign Service.