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Skyler Walter recently started her own shoe repair business. Transactions for the first month of operations (April 2018) are as follows. 1) Skyler invested $12,900

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Skyler Walter recently started her own shoe repair business. Transactions for the first month of operations (April 2018) are as follows. 1) Skyler invested $12,900 cash in the business. 2) Paid two months of rent for $1,100 in advance. 3) Purchased store equipment worth $3,900 with cash. 4) Incurred business registration expenses, paid with $590 cash. 5) Paid travel expenses with $1,320 cash. 6) Received $2,920 cash from customers for shoe repair services performed dunng the month 7) Provided shoe repair services worth $2,220 on account 8) Paid 51,350 to an assistant. 9) Borrowed $1410 cash from the bank. 10) Received $690 in bilis for electricity, woter and telephone, to be paid next month. 11) Shyler withdrew 5920 cosh for personal purposes. 12) Received $580 owing from a customer for service provided earlier this month Income Statoment

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