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Arleen Gomez recently started her own cabinet repair business. Transactions for the first month of op 1) Arleen invested $12,400 cash in the business. 2)
Arleen Gomez recently started her own cabinet repair business. Transactions for the first month of op 1) Arleen invested $12,400 cash in the business. 2) Paid two months of rent for $1,200 in advance. 3) Purchased store equipment worth $3,000 with cash. 4) Incurred business registration expenses, paid with $970cash. 5) Paid travel expenses with $1,380 cash. 6) Received $2,480 cash from customers for cabinet repair services performed during the month. 7) Provided cabinet repair services worth $1,810 on account. 8) Paid \$1,220 to an assistant. 9) Borrowed $1,850 cash from the bank. 10) Received $890 in bills for utilities to be paid next month. 11) Arleen withdrew $670 cash for personal purposes. 12) Received $350 owing from a customer for service provided earlier this month. Recuired Record the above transactions on the T-Account worksheet. Do not enter dollar signs or commas in the input boxes. Wse the negative sign for negative values. The T-Account fields are labeled by transaction number feceora Arleen Gomez recently started her own cabinet repair business. Transactions for the first month of op 1) Arleen invested $12,400 cash in the business. 2) Paid two months of rent for $1,200 in advance. 3) Purchased store equipment worth $3,000 with cash. 4) Incurred business registration expenses, paid with $970cash. 5) Paid travel expenses with $1,380 cash. 6) Received $2,480 cash from customers for cabinet repair services performed during the month. 7) Provided cabinet repair services worth $1,810 on account. 8) Paid \$1,220 to an assistant. 9) Borrowed $1,850 cash from the bank. 10) Received $890 in bills for utilities to be paid next month. 11) Arleen withdrew $670 cash for personal purposes. 12) Received $350 owing from a customer for service provided earlier this month. Recuired Record the above transactions on the T-Account worksheet. Do not enter dollar signs or commas in the input boxes. Wse the negative sign for negative values. The T-Account fields are labeled by transaction number feceora
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