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help please!! ASSIGNMENT 1: TRANSACTIONS AND FINANCIAL STATEMENTS Emma's parents are members of the SuperRich Golf Club. Emma plans to join the club as an
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ASSIGNMENT 1: TRANSACTIONS AND FINANCIAL STATEMENTS Emma's parents are members of the SuperRich Golf Club. Emma plans to join the club as an intem to cam credit and get some extra money during the summer season. The club manager viwed Emma's profile and wants to offer Emma a business opportunity rather than a traditional internship. Emma's primary duty would be to oversee the club's Golf Course & Banquet Center operation. The benefits include a salary of $325/week and the opportunity to assist the new club members for a flat fee. If the initial one- month trial turns out to be successful, the opportunity will extend for a couple of years. To demonstrate Emma's capabilities, Emma organized a Golf-with-Emma campaign. In September 2021, Emma managed the golf course and entered into the following transactions: a. Emma opened a business account with Chase Bank with an initial deposit of $950 b. Purchased $300 worth of golf supplies c. Paid $275 rent for video equipment to increase awareness of Golf among the participants d. Paid $250 rent in September for cleaning equipment. Out of $250 rent, $100 was paid in cash; the remaining $150 is due on October 1 e. Received $1,750 for training the new club members f. Received $600 commission from Banquet center bookings g. Salaries paid to Emma's assistant S800 h. Miscellaneous expenses $290 i. Received $1,300 salary for managing the golf course during September 3. The cost of office supplies used was $120 k. Withdrew $400 from the business for personal purposes on September 30 1. Indicate the impact of each transaction using the following tabular headings: Assets Liabilities Equities 1 / 1 100% on a coupleurycasTo USLU Sene QUIEWILLS campaign. In September 2021, Emma managed the golf course and entered into the following transactions: a. Emma opened a business account with Chase Bank with an initial deposit of $950 b. Purchased $300 worth of golf supplies c. Paid $275 rent for video equipment to increase awareness of Golf among the participants d. Paid $250 rent in September for cleaning equipment. Out of $250 rent, $100 was paid in cash; the remaining $150 is due on October 1 e. Received $1,750 for training the new club members f. Received $600 commission from Banquet center bookings g. Salaries paid to Emma's assistant $800 h. Miscellaneous expenses $290 i. Received $1,300 salary for managing the golf course during September j. The cost of office supplies used was $120 k. Withdrew $400 from the business for personal purposes on September 30 1. Indicate the impact of each transaction using the following tabular headings: Assets Liabilities Equities Cash Supplies Accounts Capital - Withdrawal + Fees Earned-Salaries Expense - Rent Expense Supplies Expense Payable Mise Expense 2. Prepare the following statements Step by Step Solution
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