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make a table which should include assets, liability and equity. please notify is thr transaction is debit or credit as well. if you need example
make a table which should include assets, liability and equity.
Below are a list of transactions for Company K. For each transaction determine the accounts affected and whether the transaction is a debitor credit to the account Transactions Date July - 01 - 20X1 July-02-20x1 July - 02 - 20X1 July -04-20X1 July-05-20X1 July - 08 - 20X1 July-09-20X1 July - 15 - 20X1 July - 15 - 20X1 July - 17 - 20X1 July - 19 - 20X1 July - 21 - 20X1 July - 26 - 20X1 July - 28 - 20X1 July - 29- 20X1 July - 30 - 20X1 July - 30 - 20X1 July - 31 - 20X1 July - 31 - 20X1 July - 31 - 20X1 Description The owner of Company K deposited $50,000 into the company from their personal funds Company K purchased $80,000 of inventory on account Customer A purchased $4.000 of goods and services on account. Company Kowes S900 towards utilities for the previous month, Company K takes out a short-term loan from the bank for $40,000. Customer B purchased and paid for $490 of goods and services, Company K issued $220.000 of preferred shares. Company K paid for employee training at a cost of $3,730. Company K issues mid-month cheques to pay their employees $5.500 for salaries. Customer C was invoiced for goods and services owing $3,200. $5,000 of equipment was sold for $6,000. Customer D was invoiced $3,100 for goods and services, to be paid at a later date. Company K owes $450 for insurance for the month Company K bought inventory to be paid in the next three months at $17.810. Company K pays $900 towards their utility bill. Company K purchased $145,000 of property Company K paid insurance costs of $450 for the month. Customer C's purchase from July 17th is deemed uncollectable. Company K issues end-month cheques to pay their employees 56,100 for salaries, Company K was charged S120 in bank account fees for the month please notify is thr transaction is debit or credit as well.
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