Sweet Assignment You will be recording transactions for a business called "Sweet Thang". For each transaction (or two), there is a balance sheet. As you go through the activity, record the figures on the balance sheets provided here. Transaction A is done for you. Submit by attaching the completed file by clicking on the "Browse" button below. A. TRANSACTION: Jane starts Sweet Thang. Jane Moneypenny is an instructor who is nearly broke at the end of the Business Institute. She needs $25 to buy gas for the trip home to Sweetwater, GA. She decides to sell candy and gum in order to raise the money. She starts her business -- Sweet Thang-- with $10 she has left in her pocket and $10 she borrows from a friend. She promises to repay her friend the $10, plus 20% interest per day. The first balance sheet chart should look like this:

ASSETS		LIABILITIES
cash	$20.00	Owed to friend	$10.00
		OWNER'S EQUITY
		Original investment	$10.00
TOTAL ASSETS =	$20.00	TOTAL LIABILILITIES + OWNER'S EQUITY =	$20.00

B. TRANSACTION: Jane buy initial inventory. Next, Jane buys her initial inventory: 15 bags of candy for $1 per bag. This reduces her cash to $5. The value of her inventory (i.e., what she paid for it) is recorded as an asset of $15. The transaction does not affect her liabilities or owner's equity. C. TRANSACTION: On her first day in business, Jane sells 9 bags of candy. On her first day in business, Jane sells 9 bags of candy for $2 per bag. Record the following transactions: SALES: Jane sells 9 bags of candy @ $2 per bag, resulting in an $18 increase in cash. INVENTORY: Inventory is reduced to 6 bags, for which she paid $1 each. Therefore, the value of her inventory (what she paid for it) is reduced to $6. GROSS PROFIT: Gross profit equals sales ($18) minus the cost of goods sold ($9). By selling 9 bags of candy for $2 each, Jane makes$9 in gross profit. Gross profit is recorded under Owner's Equity as "retained earnings." D. TRANSACTION: Jane pays the interest on her loan and for advertising. At the end of the first day, Jane remembers that she must pay the interest on her loan. She also decides to advertise Sweet Thang. Record the following transactions: INTEREST: Jane borrowed $10 at 20% interest per day. She must pay her friend $2 for the first day's interest. This reduces her cash and her retained earnings by $2. ADVERTISING: Jane buys poster board and a marker for $1 and makes a sandwich board sign to advertise Sweet Thang. This reduces her cash and her retained earnings by $1. E. TRANSACTION: Jan sells her remaining inventory and pays the interest on her loan. On her second day in business, Jane sells her remaining inventory (6 bags). She also pays the interest on her loan. Record the following transactions: SALES: Jane sells 6 bags of candy @ $2 per bag. This increases her cash by $12, reduces the value of her inventory to $0, and increases her retained earnings by $6. INTEREST: Jane pays 20% interest on her loan, reducing her cash and retained earnings by $2. F. TRANSACTION: Jane pays off her loan and repurchases inventory. At the end of her second day, Jane decides to pay off her loan and avoid additional interest expenses. She also buys more candy to restock her inventory. Record the following transactions: LOAN REPAYMENT: Jane pays off her loan, reducing her cash and her liabilities by $10. REPURCHASE INVENTORY: Jane buys 20 bags of candy for $1 per bag. This reduces her cash by $20 and increases the value of her inventory to $20. G1. TRANSACTION: Jane sells 13 bags of candy for cash and 2 bags on credit (cash method). On her third day in business, Jane sells 13 bags of candy for $2 each. She sells 2 more bags on credit to a good friend. There are two ways to account for this transaction: one is the cash method (which records a sale when cash is received for the sale), and the other is the accrual method (which records a sale when the product changes hands). Start with the cash method and record these transactions: CASH SALES: Jane sells 13 bags of candy @ $2 per bag. This increases her cash by $26. The value of her inventory drops to $7. Jane's retained earnings increase by $13. CREDIT SALES: Jane sells 2 bags on credit. However, the sales are not recorded on the balance sheet until the cash is received. G2. TRANSACTION: Jane sells 13 bags of candy for cash and 2 bags on credit (accrual method). Using the accrual method, record these transactions: CASH SALES: Jane sells 13 bags of candy @ $2 per bag. This increases her cash by $26. The value of her inventory drops to $7. Jane's retained earnings increase by $13. CREDIT SALES: Jane sells 2 more bags on credit. The bags sold on credit ($4 total) are recorded under assets as "accounts receivable." The value of her inventory is reduced by $2, and her retained earnings increase by $2. After considering both, Jane decides to use the accrual method for her books. H. TRANSACTION: Jane absorbs bad debt, is robbed, and closes her business. The Business Institute comes to an end, and Jane decides to close Sweet Thang. Her "good friend" who bought on credit leaves without paying Jane the $4 she owes her. Jane also discovers that someone has stolen 3 bags of candy. Using the accrual method, record the following transactions: BAD DEBT: Jane is not able to collect the money she is owed. This reduces her accounts receivable to $0 and reduces her retained earnings by $4. THEFT: Three bags of candy are stolen from Jane's remaining inventory. This reduces the value of her inventory and her retained earnings by $3. Determine the profit/loss for Sweet Thang in the four days that it operated by completing the "Income Statement" included in the file. Create the income statement using the accrual method.

Form a balance sheet for the transactions..I have transaction A done I just need to see how to do the rest of them...if you can only do a few please just start with transaction B, to show the transaction on a balance sheet, how it would be set up.