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Summary financial data of the Vinegar Cleaning Co. for December are presented below in transaction form. Began operations by depositing $52.000 in a business bank

Summary financial data of the Vinegar Cleaning Co. for December are presented below in transaction form.

  1. Began operations by depositing $52.000 in a business bank account.
  2. Cash income received for cleaning services, $500.
  3. Paid salaries for the month, $10,200.
  4. Paid general expenses, $600.
  5. Paid $1.000 on account.
  6. The inventory of supplies on hand at the end of the month was $50.

Form a table and workout the question by using the following accounts; cash, supplies, equipment, accounts payable, capital and retained earnings.

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