5. A.L. Brandon is the owner of the Brandon Small Appliance Repair Shop. On January 1, 20 the assets

liabilities and proprietor's capital in the business were:

a. Cash

$2,000

b. A/R

c. Supolies S

500

d. Equipment

$6,000

e. A/P

f. A.L.s Capital

$8,000

The business transactions for the month of January were as rollows:

1. Paid S300 of the outstanding accounts davable

2. Received $100 on account(part payment) from customer

3. Purchased S250 worth of supplies on account (on credit)

4. Returned a defective piece of equipment that was pu

rchasedlast month and received cash refund of

$1,200

5. Borrowed $1.000 from a suoolier to b paid in 30 davs

6. Paid creditor S200 on account (part payment

7. Purchased equipment for $800, giving $200 cash and promising to pay the balance in bU days

8. Bought supplies paying cash

9. Received $$250 check from the customer on account

Capital

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