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QS 2-6 Analyze the impact of transactions on accounts EL05 Douglas Malone started CityBnB, which is a bed and breakfast in Vancouver. CityBnB offers accommodations
QS 2-6 Analyze the impact of transactions on accounts EL05 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 Page 119 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. a. Analysis Assets increase. Assets Journal entry analysis Debit the furniture acco Credit the cash account Continue
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