Kassi Handover purchased a small caf in a northern Texas town with $600,000 of her own money.

Kassi Handover purchased a small café in a northern Texas town with $600,000 of her own money. Help her prepare her T accounts for her first month of operations using the following information.

a. Kassi invested $600,000 cash in the café.

Cash Owners’ Equity a

b. Kassi purchased $3,500 in food, all of which is to be paid next month (accounts payable).

Food Inventory Accounts Payable 7 eae ae

c. Kassi generated $10,000 in revenue, all received in cash.
Cash Revenue

d. Kassi paid her employees $3,600 this month with payroll checks (cash account).
Cash Salaries and Wages ee