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please answer this in transactions table Exercise (1): Nancy's Repair Shop was started on June 1 by Nancy. A summary of June transactions is presented
please answer this in transactions table
Exercise (1): Nancy's Repair Shop was started on June 1 by Nancy. A summary of June transactions is presented below. 1. Invested $10,000 cash to start the repair shop. 2. Purchased equipment for $5,000 cash. 3. Paid $400 cash for June office rent. 4. Purchased supplies for $500 on account. 5. Provided repair service cash to customers $7000 6. Withdrew $1,000 cash for personal use. 7. Paid part-time employee salaries $2,000. 8. Paid Advertising bills $400. 9. Provided repair service on account to customers $1000. 10. Collected cash of $500 for services billed in transaction (9). Required (a) Prepare a tabular analysis of the transactions, using the following column headings: Cash, Equipment, Supplies, Accounts Receivable, Accounts Payable, Nancy, Capital; Revenues, Expenses; and Nancy, Drawings. WVStep by Step Solution
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