Question 2 Prepare T-account

Company received cash $3,000 for providing services.

Owner invested additional $10,000 to company

Company purchased supplies $500 on account

Company received cash $15,000 in advance for future project.

Company received the bill from advertising company $800 and will pay later.

Company pay rental expenses $5,000, utilities expenses $500, salaries expenses $3,000, insurance $500

Company sold 100 units with total amount $1,000. Customer will pay next month

Company borrow money $3,000, interest rate 4% for business purpose

Owner withdraw $1,500 for personal use.

Company purchased machinery $ 8,000