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Bonus task ( 5 . 0 ) : ABC is the company selling bags. The following transactions relate to ABC's operations during the week: 1
Bonus task :
ABC is the company selling bags. The following transactions relate to ABC's operations during the
week:
October ABC injects capital into the business of $
October ABC purchases automobile for $ on credit for delivery of goods
October Bags for resale items are purchased for $ cash $ per item
October Rent expense is incurred for $ cash
October ABC owner withdraws cash from the business in the amount of $ for personal
expenditures
October Sales made on credit for $ items sold at $ per item
At the start of the week, the assets of the business were $ and liabilities amounted to
$
At the end of the week, what is the amount of ABC's capital?
Please, illustrate accounting equation, double entries and ledger accounts.
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