Prepare the t-account analysis of the following business transactions over the next 3 months.

Month 1:

1.PB&J Cafe Co. invests $5,000 to start a cafe.

2.PB&J Cafe Co.buys equipment on credit for $600

3.PB&J Cafe Co.buys jelly for cash $125.56

4.Purchased catering truckon account $10,000

5.PB&J Cafe Co.receives a bank loan for business purposes $10,000

6.Customers pay cash for sandwiches $1,274

7.PB&J Cafe Co.pays monthly rent $900

8.PB&J Cafe Co.pays employees $3,125.66

9.Utilities were paid for $498.22

Owner withdrew $1,200 for personal use

Month 2:

1.Customers pay credit for sandwiches $3,526.55 (hint: we will receive the money at the end of the month)

2.Customers pay cash for sandwiches $504.36

3.PB&J Cafe Co.pays monthly rent $900

4.PB&J Cafe Co.pays employees $3699.23

5.Utilities were paid for $654.47

6.PB&J receives cash for the month's credit card sales but must pay a 3% processing fee to the processing company (hint: this transaction affects 3 accounts)

Month 3:

1.Customers pay credit for sandwiches $6425.11 (hint: we will receive the money at the end of the month)

2.Customers pay cash for sandwiches $251.85

3.PB&J Cafe Co.pays monthly rent $900

4.PB&J Cafe Co.pays employees $3600.14

5.Utilities were paid for $682.10

6.PB&J receives cash for the month's credit card sales but must pay a 3% processing fee to the processing company (hint: this transaction affects 3 accounts)