Here is the information Dr Rooney recounts to you at year end:

1. I started my business with $10,000 cash. The $10,000 cash came from $5,000 loan from my sister and $5,000 from my personal checking account on January 1 st .

2. I paid $50 to obtain my business license on January 21 st .

3. I made house calls and charged $500 per house call. I made 50 house calls this year.

4. I had traveling expenses of $200 a month

5. I paid $10 for business phone calls each month.

6. On December 1 st , I paid $3,600 for insurance. The insurance covers January 1st to December 31st of the coming year.

7. On November 1st., I paid $2,400 for a one page ad for 12 months.

8. I got tired of doing all the paper work and answering phone calls, so I hired an office assistant on November 1st , I pay her $800 each month. I still owe her Decembers salary.

9. Mr. Best Customer paid me $5,000 on December 1st for 10 months for checkup of his German Shepherd.

10. I also sell dog food. I purchased 20 boxes at $10 a box on December 1st . The vendor insists I pay cash for these transactions.

11. On December 5th , Mr. Best Customer bought 5 boxes of dog food at $15 a box. I only collect cash for sale of my inventory. (Hint: each box cost $10 see #10)

12. On November 31st, I bought $500 worth of supplies on account.

13. On December 31st 2014, my admin assistant took closing inventory and found we only had $400 worth of supplies left.

Instructions: Record the above transactions of all 13 events in an accounting equation using a table