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Kay Marie opened her interior design firm, KM Designs. Transactions made by KM Designs for the month of August are shown below. 1. 2. 3.

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Kay Marie opened her interior design firm, KM Designs. Transactions made by KM Designs for the month of August are shown below. 1. 2. 3. The owner invested $10,000 cash in the business. The company purchased $4,000 of office equipment on credit. The company received $3,000 cash in exchange for services performed. The company paid $400 for utilities in August. The owner withdrew $1,000 cash for personal use. 4. 5. Prepare a transaction analysis using T-accounts. Assets Cash Equipment Dr. Cr. Dr. Cr. 1. 2. 3. 4. 5. $ Totals >

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