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Take me to the text Emma Holmes recently started her own shoe repair business. Transactions for the first month of operations (October 2018) are as
Take me to the text Emma Holmes recently started her own shoe repair business. Transactions for the first month of operations (October 2018) are as follows. 1) Emma invested $16,500 cash in the business. 2) Paid two months of rent for $900 in advance. 3) Purchased store equipment worth $3,400 with cash. 4) Incurred business registration expenses, paid with $530 cash. 5) Paid travel expenses with $1,320 cash. 6) Received $2,380 cash from customers for shoe repair services performed during the month. 7) Provided shoe repair services worth $2,290 on account. 8) Paid $1,250 to an assistant. 9) Borrowed $1,620 cash from the bank. 10) Received $980 in bills for electricity, water and telephone, to be paid next month. 11) Emma withdrew $680 cash for personal purposes. 12) Received $470 owing from a customer for service provided earlier this month. Required Record the above transactions on the T-Account worksheet. Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values. The T-Account fields are labeled by transaction number. Record each transaction by entering the value into the corresponding T-Account field. Persolid Colle Satelli For the Month Ended October 31, 2018 REVENUE Decrease Increase + Revenue Transaction # 1 Transaction #2 Transaction #3 Transaction #4 Transaction # 5 Transaction #6 Ending: $ minus Expenses Increase Decrease Increase Decrease Entertainment Food nsaction # 1 Transaction # 1 nsaction # 2 Transaction # 2 nsaction # 3 Transaction # 3 nsaction # 4 Transaction # 4 nsaction # 5 Transaction # 5 nsaction #6 Transaction #6 Dling: $ Ending: $ Increase Decrease Increase Decrease Miscellaneous Utilities nsaction # 1 Transaction #1 nsaction # 2 Transaction # 2 nsaction # 3 Transaction # 3 nsaction #4 Transaction #4 nsaction #5 Transaction # 5 nsaction # 6 Transaction #6 ding: $ Ending: $ Total Revenue Total Expenses Surplus (Deficit)
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