Assignment 1 1. Samra uses her personal savings of $75,000 to invest in her new business, Friendly Foods, which she owns alone. 12. Friendly Foods takes out a $100,000 loan from a bank to help with additional costs. 13. Shelving and display cabinets are installed for $12,000. 14. Inventory to stock the shelves is purchased on credit, totaling $35,000. 15. Sales are made in cash for $9,500. This reduces inventory by $5,000. 16. Sales are made on credit for $4,000, reducing inventory by an additional $2,500. 17. Rent for Friendly Foods is paid in the amount of $2,400. 18. Wages are paid to employees totaling $2,500. 19. Half of the Accounts Receivable ($2,000) are collected. 110. An additional $20,000 in inventory is purchased with Trash 11. Accounts payable are paid down by $25,000. 12. Cash sales of products result in an additional $18,000 in revenues, and $10,000 of inventory is sold. 13. A $13,000 loan payment is made. 14. Marketing costs of $3,000 are paid. 15. Ine perioa enas with payment or S6,000 in utilities LAYDANERE

Assignment 1 1. Samra uses her personal savings of $75,000 to invest in iher new business, Friendly Foods, which she owns alone. 2. Friendly Foods takes out a $100,000 loan from a bank to help with additional costs. 3. Shelving and display cabinets are installed for $12,000. 14. Inventory to stock the shelves is purchased on credit, itotaling $35,000. 15. Sales are made in cash for $9,500. This reduces inventory by $5,000. 6. Sales are made on credit for $4,000, reducing inventory by an additional $2,500. 7. Rent for Friendly Foods is paid in the amount of $2,400. 18. Wages are paid to emplovees totaling $2,500. 9. Haif of the Accounts Receivable ($2,000) are collected. iv. An adaitionais 4,Wu in inventory is purchasea with irach 11. Accounts payable are paid down by 525,000 12. Cashsales of products result in an additiona $18,000 in revenues, and $10,000 of inventory is sold. 13. A $13,000 oan payment s made. 14. Marketing costs of $3,000 are paid. 15. Ine perioa enas w itn pavment or bo, wuy in utilities Lavansas