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14. The following is a completed transaction analysis sheet for Metro Cleaners. For (b) to (f). describe the transactions that must have occurred in the
14. The following is a completed transaction analysis sheet for Metro Cleaners. For (b) to (f). describe the transactions that must have occurred in the business to produce the changes shown on the transaction sheet. Part (a) has been done for you. Example (a) Cash increased by $500 as a result of the collection of $500 from a customer (an account receivable). ASSETS LIABILITIES OWNER'S - EQUITY Bal Cash $5000+ Accts Rec Clean Equip Midg Land $2 000 57 500 +$42.000 +$18.000 Acas Pay $750 Mige Pay $38 000 Q. Kitt Capital $55 750 (A) 500 500 New Hal 3500 1500 (b) 700 7500+ 1.300 42000- 18000- New Bal 4 800+ 1500+ 9000 + 42 000 18000- 750- 800 1550+ 38 000+ 35 750 38 000- (c) +2.000 New Bal 6800 1500 9.000 42 000+ 18 000- (d) HOO New Bal 6000 1500 + (e) +300 New bal (0) 6300 100 700 2 200 9.000 -1.000 8000 42 000+ 18.000 1.550 + -800 750 18 000+ 35 750 +2.000 37 750 38 000 37 750 42 000 18 000 750 + 38 000+ 37750 100 56 200 $2200 58 000+ 542 000 $18 000 $ 750 $38 000 $37 650
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