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& lot of time.What do you Tony: We need to have a talk What should Tony say to Cassie? Transactions and income statement CP 2-7

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& lot of time.What do you Tony: We need to have a talk What should Tony say to Cassie? Transactions and income statement CP 2-7 and Country building from ing cart rentals, to golt Nece is planning to manage and operate Eagle Caddy Service at Canyon Lake Golt lu during June through August 2019. Cory will rent a smali maintenance tr the country club for $500 per month and will offer caddy services, includ- fers. Cory has had no formal training in record keeping. a eps notes of all receipts and expenses in a shoe box. An examination of Cory's lune 1. Transferred $2,000 from personal bank account to be used to operate the caddy shoe box records for June revealed the following: 1. Paid rent expense to Canyon Lake Golf and Country Club, $500 2. Paid for golf supplies (practice balls, for example), $750. 3. Arranged for the rental of 40 regular (pulling) golf carts and 20 gasoline-driven carts for $3,000 per month. Paid $600 in advance, with the remaining $2,400 due June 20. 7. Purchased supplies, including gasoline, for the golf carts on account, $1,000. Canyon Lake Golf and Country Club has agreed to allow Cory to store the gaso- line in one of its fuel tanks at no cost. 15. Received cash for services from June 1-15, $5,400. 17. Paid cash to creditors on account, $1,000. 20. Paid remaining rental on golf carts, $2,400. 22. Purchased supplies, including gasoline, on account, $850. 25. Earned fees from customers on account, $1,800. 28. Paid miscellaneous expenses, $395. 30. Received cash for services from June 16-30, $4,200 30. Paid telephone and electricity (utilities) expenses, $340. 30. Paid wages of part-time employees, $850. 30. Received cash on account, $1,500 30. Determined the amount of supplies on hand at the end of June, $675. to begin a small business? discuss these simplify ieLuing and sumn d to include customers, vendors, and manual and compute

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