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Anderson, Inc. provides personal training to busy executives in Manhattan. Anderson's rate sheet is shown below: Type of Training: Private personal training Group corporate
Anderson, Inc. provides personal training to busy executives in Manhattan. Anderson's rate sheet is shown below: Type of Training: Private personal training Group corporate training (limited to 20 participants) Anderson had the following transactions in August 2013: Jim Anderson, the sole stockholder invested $50,000 in Anderson, Inc. Purchased gym equipment for $85,000 and signed a promissory note. Hired a Website developer to create a Website and paid her a $4,000 advance. Purchased office supplies on account. 7 10 14 16 18 Hourly rate: $100 $2,500 20 25 30 31 Printed marketing materials for distribution at a cost of $800. Trained 20 out of shape, but wealthy stockbroker's, using high intensity interval training. Invoiced their Fortune 100 company for $2,500. Mailed marketing materials via US Postal Service for $120. Conducted personal training sessions for 16 clients on account. Collected $2,500 from the August 18 trainings. Paid the bank $500 toward the loan dated August 7, 2013. Determine how each transaction affected Anderson's assets.
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