QS $2-6$ Analyze the impact of transactions on accounts

L$05$

Douglas Malone started CityBnB, which is a bed and breakfast in Vancouver.

CityBnB offers accommodations and breakfast to travellers exploring the city. The following are the transactions for the month of August.

a$.$ On August $1,$ purchased an IKEA bed for $$400$ cash.

b$.$ On August $7,$ discussed the prices of staying at CityBnB with a customer over the phone.

c$.$ On August $13,$ rented a room to a family and billed them $$600$ on credit.

d$.$ On August $14,$ purchased and used cleaning services for $$300$ on credit.

e$.$ On August $31,$ invested $$25,000$ cash into the business.

Required

For each transaction, complete the analysis and determine the journal entry analysis. Use the template below. The first transaction has been completed for you.

$\backslash$table$[[$a$.,$Analysis,Assets increase. Assets decrease.$],[,$Journal entry analysis,$\backslash$table$[[$Debit the furniture account for $$400.],[$Credit the cash account for $$400.]]],[,,$Continue...$]]$