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prepare a tabular analysis of the transaction using the following column headings: cash, account receivable, supplies, Equipment, accounts payable , owners capital , owners drawings,
prepare a tabular analysis of the transaction using the following column headings: cash, account receivable, supplies, Equipment, accounts payable , owners capital , owners drawings, revenue, and expenses
DATE TRANSACTION AMOUNT ANALYZE ANALYSIS 2/8/2020 $9000 Introduction of capital in the business Liability increased i.e., capital and Asset increased cash in hand 7/8/2020 $8000 Motor van purchase from Makers Traders The fixed Asset which is motor van increased while cash which is current Asset reduced 10/8/2020 $2400 Sales in cash basis to Trainers merchandize The stock Current Asset decreased while Cash which is Current Asset increased 17/8/2020 $5000 Cash increased while debtors deceased Received cash from Debtor Max 22/8/2020 Paid Advertisement, wages and and delivery. $ 450, $700 and $800 Expense paid resulting to decrease of Cash 25/8/2020 $4500 Purchase Machinery on credit from Howard Fixed asset increased while liabilities i.e., creditor increased 31/8/2020 $6000 Cash Receive money by cheque from Amazing enterpriseStep by Step Solution
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