{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T07:07:12-04:00", "answer_date": "2024-06-28 07:07:12", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4260494", "url": "\/study-help\/questions\/in-may-i-started-new-business-with-only-10000-cash-4260494", "question_creation_date_js": "2024-06-28T07:07:12-04:00", "question_creation_date": "Jun 28, 2024 07:07 AM", "meta_title": "[Solved] in may i started new business with only 1 | SolutionInn", "meta_description": "Answer of - in may i started new business with only 10,000 cash. i am very excited about my new venture but it has been keeping me | SolutionInn", "meta_keywords": "started,new,business,10,000,cash,excited,venture,keeping,busy,june,running,short", "question_title_h1": "in may i started new business with only 10,000 cash. i am very excited about my new venture but it has been keeping me very", "question_title": "in may i started new business with only 10,000 cash. i am", "question_title_for_js_snippet": "in may i started new business with only 10,000 cash i am very excited about my new venture but it has been keeping me very busy it is now june and i am running short on cash, which is concerning details for assignment business name mom's cafe $ 25,000 start up loan at 10 interest monthly rent $ 2,000 paying utilities $ 500 furniture $ 2,000 espresso maker machine $ 3,000 ) 1 manager salary $ 600 per week ) 4 server salary $ 10 per hours you can assume rest of cost for coffee purchase , cups and other necessities make 6 operating , 3 investing, 3 financing activities for mom's cafe enter journal entries to record all of the business activities for the month of May compile trail balances from journal entries prepare income statement, statement of changes in equity and balance sheet ", "question_description": "

in may i started new business with only 10,000 cash. i am very excited about my new venture but it has been keeping me very busy. it is now june and i am running short on cash, which is concerning.<\/p>

details for assignment:<\/u><\/strong><\/p>

<\/p>

  1. business name- mom's cafe<\/li>
  2. $ 25,000 start-up loan at 10% interest<\/li>
  3. monthly rent $ 2,000<\/li>
  4. paying utilities $ 500<\/li>
  5. furniture $ 2,000<\/li>
  6. espresso maker machine $ 3,000<\/li>
  7. ) 1 manager salary $ 600 per week<\/li>
  8. ) 4 server salary $ 10 per hours <\/li> <\/ol>

    <\/p>

    you can assume rest of cost for coffee purchase , cups and other necessities.<\/p>

    <\/p>

    make 6 operating , 3 investing, 3 financing activities for mom's cafe.<\/p>

    <\/p>

    1. enter journal entries to record all of the business activities for the month of May<\/li>
    2. compile trail balances from journal entries<\/li>
    3. prepare income statement, statement of changes in equity and balance sheet.<\/li> <\/ol>", "transcribed_text": "", "related_book": { "title": "Managerial Accounting Tools for Business Decision Making ", "isbn": "1118856996, 978-1118856994", "edition": "4th Canadian edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1190.jpg", "uri": "\/textbooks\/managerial-accounting-tools-for-business-decision-making-4th-canadian-edition-1190", "see_more_uri": "" }, "free_related_book": { "isbn": "B098JVZNTR", "uri": "\/textbooks\/the-beginners-guide-to-buying-selling-and-spending-digital-currency-the-safe-way-1st-edition-979-8530997815-284107", "name": "The Beginners Guide To Buying Selling And Spending Digital Currency The Safe Way", "edition": "1st Edition" }, "question_posted": "2024-06-28 07:07:12", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/how-are-intangible-assets-reported-are-costs-incurred-to-create", "description": "How are intangible assets reported? Are costs incurred to create or produce internally generated intangible assets expensed as in business? 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