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HOSP 3314 FOOD & BEVERAGE CONTROLS Problems, Test 1B, February 17, 2022 Each of the following transactions occurred in January 2020. Make the necessary debit
HOSP 3314 FOOD & BEVERAGE CONTROLS Problems, Test 1B, February 17, 2022 Each of the following transactions occurred in January 2020. Make the necessary debit credit entries in T-account form. Then prepare a trial balance for Emily's Eatery for January 31, 2020. 1) Owner invests $25,000 in a new restaurant 2) Borrows $10,000 from the bank 3) Purchases furniture and equipment for $25,000, paying $15,000 cash and pu rest on account 4) Purchases food inventory of $3,000 and beverage inventory of $4,000, all or account 5) Paid one month's rent expense of $1200 6) Had revenue during the month of $30,000 - 2/3 cash and 1/3 charge 7) Paid suppliers who were owed money $12,000 cash 8) Paid $1,000 on bank loan plus interest of $100 9) Paid wages in cash, $11,200 10) Purchased supplies for cash, $3,900 ry 31
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