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24 Collected from the lens for the beneathew 7 Paul Problem 2-OSA Grete Rodewald formed a dog grooming and training business called Grete Kanines on
24 Collected from the lens for the beneathew 7 Paul Problem 2-OSA Grete Rodewald formed a dog grooming and training business called Grete Kanines on September 1, 2021. After consulting with a friend who had taken introductory accounting, Grete created a chart of accounts for the business as follows: No. 101 Cash; No. 112 Accounts Receivable; No. 130 Prepaid Insurance No. 151 Equipment; No. 201 Accounts Payable; No 209 Uneamed Revenue; No. 301 G. Rodewald, Capital No. 306 G. Rodewald, Drawings, No. 400 Service Revenue; No. 610 Advertising Expense; No. 726 Rent Expense; and No 737 Uslities Expense. During September, the following events and transactions occurred: Sept. 1 Grete transferred $9,320 from her personal bank account to a bank account under the company name Grete Kanines. 3 Signed a one year rental agreement fox $600 per month. Paid the first month's rent. Poid 600 for a one year insurance policy effective September 1, 2021. Poid saabot advertising in several communay newsletters in September. 13 Collected $510 cash for providing dog grooming Services 21 a dog dog and provided owner for the services provided on September 21. The kennel owner promised to pay the rest on October 2. 28 Paid $190 for utlities for the month of September 29 Poid 51,480 of the court ned from the September equipment purchme. 30 Received $785 cash for day training lessons that will start on October 10. > Collected $955 cash for providing dog grooming services 30 Paid the owner, Grete Rodewald, 51,280 for her personal use
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