Amanda's Great A ture Stud...

Amanda's Great Adventure $-$ List of Transactions

The business recorded the $$50,000$ cash investment made by Amand

$2.$Paid $$40,000$ cash for land.

$3.$Bought $$500$ of office supplies on account.

Received $$5,500$ cash from clients for service revenue earned.

$5.$Performed services for clients on account, $$3,000.$

$6.$Paid cash operating expenses: rent, $$1,100$; employee salary, $$1,200$; utilities, $$800.$

$7.$Paid $$400$ on the account payable created in Transaction $3.$

Remodelled her apartment with $$4,000$ sent to her by her fianc$$e

Collected $$1,000$ on the account receivable created in Transaction $5.$

Sold portion of land for $$25,000$ cash. The cost of the sold land was $$20,000.$

Amanda withdrew $$2,100$ from the business to throw a wild party for her colleagues and friends.

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BALANCE SHEET

Amanda's Great New Venture

ASSETS

Current Assets

Cash

Office Supplies

Accounts Receivatile

Long Term Assets Land

TOTAL ASSEIS

LUABILITIES

Accounts Payabie

OWNER'B EQUITY

Opering Capilal

Less: withdrawls

Endirg Cajatal

Relained eamings TOTAL OWNERIS EQUTY

TOTAL LAEUTIES & OWNERE EOUIY $$

income Btatement

Amanda's Great New Venture

Peverse