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a. On August 1, Worthy invested $3,000 cash and $15,000 of equipment in Expressions b. On August 2, Expressions paid $600 cash for furniture for
a. | On August 1, Worthy invested $3,000 cash and $15,000 of equipment in Expressions | ||||||||||
b. | On August 2, Expressions paid $600 cash for furniture for the shop | ||||||||||
c. | On August 3, Expressions paid $500 cash to rent space in a strip mall for August | ||||||||||
d. | On August 4, it purchased $1,200 of equipment on credit for the shop | ||||||||||
e. | On August 5, Expressions opened for business. Cash received from haircutting services | ||||||||||
in the first week and a half of business was $825 | |||||||||||
f. | On August 15, it provided $100 of haircutting services on account | ||||||||||
g. | On August 17, it received a $100 cheque for services previously rendered on account | ||||||||||
h. | On August 17, it paid $125 to an assistant for hours worked during the grand opening | ||||||||||
i. | Cash received from services provided during the second half of August was $930 | ||||||||||
j. | On Aug 31, it paid a $400 installmet toward principal on the note payable entered into on August 4 | ||||||||||
k. | On August 31, Worthy withdrew $900 cash for personal use | ||||||||||
TASK | |||||||||||
1. Determine the category, and movement of each transaction | |||||||||||
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