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Complete the information in the white boxes. Other data will flow. Please note that for accounts, there are drop-down lists. 1. On Jan 1,
Complete the information in the white boxes. Other data will flow. Please note that for accounts, there are drop-down lists. 1. On Jan 1, Margaret Hemingway started her business by filing the proper forms with the state and then opening a checking account in the name of her new business, Your Pots, transferring $50,000 from her personal savings account Into the business account: Date Jan 01 Account Explanation Checking Account Owner's Capital Debit Credit Owner Investment initial deposit to business bank account 2. Margaret rented a shop for $1,000 on Jan 3. Account Explanation Date Jan 03 Factory Overhead Checking Account Rent on manufacturing facility Checking Account 1-Jan Owner's Capital 1-Jan Debit Credit Checking Account 3-Jan 3. On January 10, Margaret purchased 100 pounds of clay for $2,000 and she agreed to pay within 30 days. Date Account Explanation Jan 10 Raw Materials-direct Debit Credit Owner's Capital Factory Overhead 3-Jan Checking Account Raw Materials-direct 10-Jan
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