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Module 1 Checkpoint Name Following are the transactions for October for Yoda Company 1. Yoda invested 59.000 cash to start the business 2. Purchased 5700

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Module 1 Checkpoint Name Following are the transactions for October for Yoda Company 1. Yoda invested 59.000 cash to start the business 2. Purchased 5700 supplies on account from Solo Company 3. Paid S800 cash for October rent on office space 4. Purchased equipment costing $4,000, paid $900 cash; signed a promissory note for the remainder du 5. Borrowed $1,000 cash from the bank and signed a promissory note for the balance duc 6. Performed services and received $1,200 cash from customers 7. Made a $700 cash payment on account to Solo Company related to transaction #2) 8. Performed services and billed customers 51,700 9. Yoda withdrow $200 cash for personal use. 10. Received $1.000 cash on account from previously billed customers 11. Paid cash for an employee's salary for October 5300 12. Received a utility for October for 5120--the bill will be paid in November REQUIRED: 1. Show the effect of each transaction on assets, liabilities, and owner's equity in the Workpaper 2. If the transaction affects owner's equity, enter the type of owner's equity transaction in the Type column: INV for investment, REV for revenue, EXP for expense, and WITH for withdrawal 3. New balances will compute automatically after each transaction-you can also check at the bottom to see if you are keeping assets liabilities + owner's equity Module 1 Checkpoint #1 Workpaper ASSETS Accounts + Receivable + Supplies Cash 0 0 0 0 0 0 0 0 O Yoda Company LIABILITIES + OWNER'S EQUITY Accounts Notes Yoda, + Equipment Payable . Payable + Capital Type 1. 0 0 0 0 Bal 2. 0 0 0 0 Bal . 0 0 0 0 Bal 4. 0 0 0 0 Bal . 0 0 0 0 Bal 6. 0 0 0 0 Bal 7. 0 0 0 0 Bal 8. 0 0 0 0 Bal 0 0 0 0 0 0 0 0 1. Bal 2. Bal 3. Bal 4. Bal 5 Bal 6. Bal 7 Bal 8 Bal 9. Bal 10. Bal 11 Bal 12. Bal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Bal 10. Bal 11. Bal 12. Bal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Total Assets 0 Total Liabilities 0 Total Liabilites & Owner's Equity 0

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