Name:	Sweet Treats
DATE	ASSETS			EQUITY		LIABILITY
Date	Equipment +/-	Debtors +/-	Bank +/-	Capital/ Drawings +/-	Income/ Expenses +/-	Loan +/-	Creditors +/-
TOTAL

Use the table to record the correct entries for the following transactions: Be sure to write + or - to differentiate between adding and subtracting. give 2 explanations as to why thats placed their January 1 : Mrs. Zeitlin decides to open a candy store called Sweet Treats. She deposits $9,000 into her business bank account from her personal bank account. January 2: Sweet Treats obtains a loan of $2,000 from XYZ Bank January 3: Mrs. Zeitlin purchases point of sales software for her business for $1,000. January 4: Mrs. Zeitlin decides to give her personal computer (a $1,600 value) to her business. January 5: An invoice arrives from the landlord for the monthly rent of $2,300. Payment terms require Sweet Treats to pay by February 3rd. January 10: Sweet Treats provides desserts and waiters for Mr. Baileys special event. Mr Bailey pays the invoice of $4,200 at the end of the night. January 15: Sweet Treats invoices ABC business for a job to the value of $3,000. They will be allowed until the end of the month to make payment. January 26: Mrs Zeitlin pays her employees for the job on January 10th. This amounts to $150. February 1: Mrs. Zeitlin pays the landlord for the rent for January. February 4: Sweet Treats receives an electric bill for $200. The bill is for the month of January, but is due February 28th. February 6: Mrs. Zeitlin withdraws $300 from the business bank account for her personal use. February 28: Mrs. Zeitlin pays Januarys electric bill February 28: Sweet Treats receives $2,500 from ABC business. The remainder has been agreed to be paid in March March 1: With business doing well, Sweet Treats pays off $1,000 of their loan.

Use the table to recard the correct entries for the following transactions: Be sure to write + or + to differentiate between adding and subtracting - January 1 : Mrs. Zeitin decides to open a candy stort called Sweel Treats. She deposits 39,000 into her tusiness tark acoount trum her penarai tarik accewrt. Explanabon 1: Explanaion 2. danuary 2: Saeet Treats oblains a loan of $2,000 trom xyz Bark Explanation 1: Explanation 2: January 3: Mrs. Zeitin purchases point of saies scthwace for her towneis for $1.900 Explanation 1: Explanabion 2: January 4: Mrs. Zeitin decides bs give her personal compuler (a51,600 witut to her business. Explanaboa t: Explanaboa 2