ASAP

The Cat Lady is a new business you started this year. When your customers are on vacation, you visit their homes and see that their cats are fed and healthy, and you play with them and clean their litter boxes. You use your own car to get to customers' homes and your own cell phone to speak to your customers, Your first months' transactions are listed below. 01-Oct You set up a business bank account and get a business credit card. The bank will charoe a fee of $10 at the end of each month 02-Oct You deposit 52,000 of your own money into the business bank account to start the business 03-Oct You borrow $1,000 from the bank. 04-Oct You register your business name for 560 with Service Ontano, using the business credit card 06-Oct You purchase, using the business credit card, ten cat toys for $200 plus HST You expect the toys to last more than a year 07-Oct You purchase, using the business credit card, 20 kilograms of kitty litter for $400 plus HST. 08-Oct You buy a one-year liability insurance policy for $1,500, plus 8% tax, paying cash 10-Oct You purchase for $200 cash, plus HST, flyers to advertise your business None of the flyers have been delivered yet. You pay a student $50 cash to deliver all your flyers to 11-Oct the homes in your area. You visited your first cat on the Thanksgiving weekend 12-Oct Because this is your first customer you provide your services for free instead of charging her your usual $40 feel 15-Oct Two more customers hire you for the upcoming Christmas holidays They EACH pay you $20 now to reserve your services 27-Oct Business is purring! You have provided services to 30 customers and collected $1.200 in cash You now have only 5 kilograms of kitty litter left 28-Oct All the remainder has been used You spent $156 from your personal funds in car expenses this month 29-Oct One-third of this was business travel and the business pays you cash from the business bank account. You received your cell phone bill for the month of October 30-Oct of the $88, half were business calls. The company will reimburse you the amount owed next month 31-Oct You have used up 1 month of insurance coverage The bank takes its monthly charge from the business bank account, 31-Oct plus an additional S5 for interest on your loan You visited your first customer's black cat on Halloween 31-Oct The customer will pay you the $40 in November 31-Oct You pay the entire balance owing on the business credit card. Record the transactions into the expanded accounting equation using account names. Use that information to answer all of the following questions. Question 84 (3 points) How will Cat Lady record the bank transaction on October 31? Choose ALL that apply. a) increase interest Expense $15 b) increase Cash $15 increase Interest Expense $5 a) increase Bank Fee Expense $10 e) decrease Bank Loan Payable $5 1) decrease Cash $15 O2) increase Bank Loan Payable $5 On decrease Interest Expense 55 1) decrease Bank Fee Expense $10 Question 85 (1 point) How will Cat Lady record the visit to the cat on October 31, Halloween? increase both Accounts Receivable and Service Revenue $40 increase both Accounts Receivable and Deferred Revenue, $40 increase both Cash and Deferred Revenue 540 increase both Cash and Service Revenue, $40 Ono entry is required until November when the $40 is paid Question 86 (1 point) How will Cat Lady record the credit card payment on October 31? decrease both Cash and Accounts Payable, $738 decrease both Cash and Accounts Payable, $782 decrease both Cash and Accounts Payable, $678 decrease both Cash and Accounts Payable, 5722 decrease both Cash and Accounts Payable 5798 Question 87 (2 points) What is Total Liabilities on the Cat Lady's balance sheet for October 31? A Question 88 (2 points) What would be reported on the Cat Lady's income statement as Total Service Revenue on October 31? A/ Question 89 (2 points) If you were producing the company's December 31 year end financial statements, what would be the balance in Cat Lady's Prepaid Insurance account? A