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Betty Harris opened her interior design fi rm, KM Designs. Transactions made by KM Designs for the month of August are shownbelow. 1. The owner
Betty Harris opened her interior design fi rm, KM Designs. Transactions made by KM Designs for the month of August are shownbelow. 1. The owner invested $ 8,100 cash in the business. 2. The company purchased $ 3,240 of offi ce equipment on credit. 3. The company received $ 2,430 cash in exchange for services performed. 4. The company paid $ 324 for utilities in August. 5. The owner withdrew $ 810 cash for personal use. Prepare a transaction analysis using T-accounts. Assets Cash Equipment Dr. Cr. Dr. Cr. 1. 2. 3. 4. 5
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