Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Analyze each of the following transactions and record in the transaction analysis sheet below 1. Bonnie's Batting Cages and Softball Services receive 1000 cash from

image text in transcribed
image text in transcribed
Analyze each of the following transactions and record in the transaction analysis sheet below 1. Bonnie's Batting Cages and Softball Services receive 1000 cash from Hawks in partial payment of the amount owed by them 2. Sport Store is a S2000 cash in partial payment of the debt wed to them by Bonnie's The owner buys hertil a new computer valued at $1200) with the company's money 4 Supplies contine 5950 are purchased for eas from the Sport Store Bonnie Batting Cars and Softball Services seniors and woment for Team Serens and more for this service, Bonnie's Barine Capes and Softball Services receives A set of hats Sporting Equipment purchased from seves ce for 53000 7. An employee from the company is asked to leave the company with no compensation A tournament is set up by the Bonnie's Betting Cages and shall Services for this service, the company receives $15000 cash Bonnie Bottines Capes and Soul Services purchases a new butting cape from Sportstore led 58 000 Bones Buting Cages and subal Services recoh down payment of $400 and the remainder of the balance is to be paid to forte 10. Bonnie's Martine Care and softball Services seis one of its trucks for $15.000 cash. With this money online Cases and shall Services pays the remaining balance of the batting cage bought in traction Bonnie's Batting Cages and Softball Services Owner's Equity AH Cash Sporting Truck a. Zero Proof s CO Sport Store Opening Balance 15,000.00 3,109,00 5.000.00 1,300.00 13.490.00 71,900.00 60,000.00 20,600.00 23.790.00 64.500.00 Sow ma Trans Taman 10 Ending Balances 15.000.00 Bonnie's Batting Cages and Softball Services BALANCE SHEET December 31, 2015 Liabilities Assets Total liabilties Owner's Equity Total Assets Total liabilities and Owner's Equity

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

Students also viewed these Accounting questions