MPA501 Final Examination BL.. Search (Alt+Q) Astha Khurana AK sert Draw Design Layout References Mailings Review View Help Picture Format Times New Roman ~ 12 - A" A Aa- A Find " B I U - ab x x A- D. A . Normal Body Text No Spacing Lc Replace Select Font Paragraph Styles Editing Question 1 (30 marks) I Cover decided to open Recover Upholstery Repairs on 1 January 2018. She contributed office equipment valued at $10 000, a commercial van valued at $12 000, and deposited $5 000 cash in a business bank account. Transactions during January were: Jan 4 Took a three-year lease on a shop and paid the first month's rent $350. Purchased office supplies for $260 and+issued a cheque for $100 in part payment for these supplies. 6 Cash received for minor repairs, $120. 6 Revenue earned for repair work for Shipshape Ltd on credit, $350. 7 Purchased an upholstery sewing machine for $1 840, paying $400 cash with the balance to be paid at a later date. 8 Cash revenue earned $230. O 11 Engaged an upholsterer at an agreed wage of $350 per week. 13 Cash of $200 received for over-the-counter repairs 13 Revenue of $450 earned from sales to a customer on credit. 14 Paid the balance owing for office supplies purchased on 4th Jan 2018. 15 The owner withdrew $100 for her own use. 18 Paid weekly wages to the upholsterer 21 Revenue earned for repairs: cash $80, on credit $170. 23 Shipshape Ltd paid the bill for services rendered on 6th Jan 2018. 24 Petrol expenses paid $20. 25 Paid weekly wages to the upholsterer. 28 Revenue earned for repair work $390, receiving $100 in cash and the remainder to be . Focus CX English (United States) 1x Accessibility: Investigate O 9 144 O O 4 5 6 O P Y R T U