Demonstration Problem The following activities occurred during the first month of Barbara Schmidt's new hair cutting business called The Cutlery a On August , Schmidtput $3.000 cash into a chequing account in the name of The Cutlery. She also invested $15.000 of cyipment that she already owned b. On August 1, Schmidt paid 5600 cash for six months of insurance effective immediately c. On August 2, she paid $2,000 cash for furniture for the shop d. On August 3, she paid $3,200 cash to rent space in a strip mall for August e. On August 4, she furnished the shop by installing the old equipment and some new equipment that she bought on credit for 521,000. This amount is to be repaid in the equal payments at the end of August September, and October 1. On August 15. Cash receipts from haircutting services provided in the first week and a half of business (ended August 15) were 51.100 . On August 15, Schmidt provided haircutting services on account for $750 h. On August 17, Schmidt received a $750 cheque in the mail for services previously rendered on account i. On August 17, Schmidt paid $250 to an ind for working during the grand opening On August 1, Schmidt interviewed a job applicant. The applicants successful in getting the position and will receive 3750 per week for part work starting in September On August 18, a regular customer paid for services to be provided over the next three months 1. Clash receipts from himvuting rendered during the Zond ball of August - On August 31, Schmid paid an inteles con the accounts payable On August 31, the Augest lydbill for $450 was received. It will be paid e. Os August 31, with cash for her personale Required - Preparecemary jumal tries for the sectivities that occurred during the month of Augal Prepare Accents for all the Prepare balance sheet and income met Demonstration Problem The following activities occurred during the first month of Barbara Schmidt's new hair cutting business called The Cutlery a On August , Schmidtput $3.000 cash into a chequing account in the name of The Cutlery. She also invested $15.000 of cyipment that she already owned b. On August 1, Schmidt paid 5600 cash for six months of insurance effective immediately c. On August 2, she paid $2,000 cash for furniture for the shop d. On August 3, she paid $3,200 cash to rent space in a strip mall for August e. On August 4, she furnished the shop by installing the old equipment and some new equipment that she bought on credit for 521,000. This amount is to be repaid in the equal payments at the end of August September, and October 1. On August 15. Cash receipts from haircutting services provided in the first week and a half of business (ended August 15) were 51.100 . On August 15, Schmidt provided haircutting services on account for $750 h. On August 17, Schmidt received a $750 cheque in the mail for services previously rendered on account i. On August 17, Schmidt paid $250 to an ind for working during the grand opening On August 1, Schmidt interviewed a job applicant. The applicants successful in getting the position and will receive 3750 per week for part work starting in September On August 18, a regular customer paid for services to be provided over the next three months 1. Clash receipts from himvuting rendered during the Zond ball of August - On August 31, Schmid paid an inteles con the accounts payable On August 31, the Augest lydbill for $450 was received. It will be paid e. Os August 31, with cash for her personale Required - Preparecemary jumal tries for the sectivities that occurred during the month of Augal Prepare Accents for all the Prepare balance sheet and income met