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expense) c. On 8/3/10, the company electronically transferred S20,000 from the Bank of America checking account to the short-term investments account. Chapter 8 Exercise 2

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expense) c. On 8/3/10, the company electronically transferred S20,000 from the Bank of America checking account to the short-term investments account. Chapter 8 Exercise 2 INVESTING ACTIVITIES Restore the file Boston Catering Ch 8 (Backup) that you downloaded from the student companion site. Do not use the file created in Exercise 1. Add the fol lowing transactions and then print a standard balance sheet as of 8/31/10 a. On 8/6/10, the company purchased some additional equipment from a restas rant that closed the previous month. The equipment was valued at $10,000 for which the company signed a two-year 6% note payable to Evian Sprinter with no payment due until maturity b. On 8/9/10, the company purchased furniture from Outlet Tool Supply for $1.000 using check 1511. Chapter 8 Exercise 3 OPERATING ACTIVITIES-PURCHASES AND PAYMENTS FROM/TO VENDORS Restore the file Boston Catering Ch 8 (Backup) that you downloaded from the No mat use the file created in the exercises given earlier expense) c. On 8/3/10, the company electronically transferred S20,000 from the Bank of America checking account to the short-term investments account. Chapter 8 Exercise 2 INVESTING ACTIVITIES Restore the file Boston Catering Ch 8 (Backup) that you downloaded from the student companion site. Do not use the file created in Exercise 1. Add the fol lowing transactions and then print a standard balance sheet as of 8/31/10 a. On 8/6/10, the company purchased some additional equipment from a restas rant that closed the previous month. The equipment was valued at $10,000 for which the company signed a two-year 6% note payable to Evian Sprinter with no payment due until maturity b. On 8/9/10, the company purchased furniture from Outlet Tool Supply for $1.000 using check 1511. Chapter 8 Exercise 3 OPERATING ACTIVITIES-PURCHASES AND PAYMENTS FROM/TO VENDORS Restore the file Boston Catering Ch 8 (Backup) that you downloaded from the No mat use the file created in the exercises given earlier

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