Part 1

Create a Tabular Analysis Chart to record transactions and complete the following Business Transactions:

1. August 3rd, Bruce's Original T's issued $25,000 of common stock in exchange for cash.

2. August 7th, Bruce's Original T's paid $10,000 to purchase land.

3. August 8th, Bruce's Original T's prepaid rent for 3 months in the amount of $2,400.

4. August 10th, Bruce's Original T's purchased $5,000 in supplies from Lola's Shirt supply on account.

5. August 12th, Bruce's Original T's paid for a new advertising campaign, $1000 per month.

6. August 15th, Bruce's Original T's sold $5,000 worth of merchandise to another store on account.

7. August 17th, Bruce's Original T's received a $4,000 payment in advance from Coastal T's for consulting work to be completed in September.

8. August 18th, Bruce's Original T's paid in full for the supplies purchased on account in #4.

9. August 19th, Bruce negotiated the cost of work for a new shirt printing system.

10.August 20th, Bruce's Original T's Collected payment of $5,000 for payment of merchandise sold on a account to another store in transaction #6.

11.August 25th, Bruce's Original T's sold $1,400 in shirts to a new customer in exchange for cash

12.August 27th, Bruce's Original T's paid its employees $2,050 dollars for their biweekly payroll.

13.August 29th, Bruce's Original T's paid its monthly utility bill for $250.00 to United Utility.

14.August 31st, Bruce's Original T's received $2,500 as payment for consulting services performed for Lexie's shirt shop.

15.August 31st, Bruce's Original T's counted supplies and its end of month count shows $2,100 in supplies on hand.

16.August 31st, Bruce's Original T's adjusted prepaid rent of $800 for the month of August.

17.August 31st, Bruces Original T's will pay wages of $2200 to its employees in September for work completed in August

18.August 31st, Bruce's Original T's sold $2,250 in merchandise on account to Haley's Distribution Company

Part 2

Prepare a Balance Sheet using the information and totals from the tabular analysis. List all asset names and total balances individually. List all liabilities names and total balances individually.