The following business transactions relate to Colin Clark (financial planner) for his first month of business operations in August 2020. Complete the table below for the month of August 2020:

2020

August

1. Commenced business operations with a $300,000 cash injection of personal funds.

2. Paid monthly rent $1,500.

4. Purchased office stationery $2,000 on credit from Stationery Plus

7. Purchased office equipment on credit from Supplies Inc. $10,000.

9. Sent invoice to client M Birt for services $3,000.

11. Purchased MYOB software for laptop computer $700 cash.

13. M Birt paid amount outstanding.

14. Met with prospective client and negotiated provision of financial advice for client and family, quoting $5000.

17. Paid car parking permit $220.

19. Withdrew cash from business of $2000 for personal use.

22. Paid WWW Ltd for monthly internet use $182.

29. Received interest from business bank account $15

Instructions: Analyse each transaction, fill in the appropriate box representing the name of accounts that are effected by the appropriate value. Increase (+) or decrease (-), in the account is also to be shown, for example -20000 or +1500.

Date August 2020	Cash	Accounts Receivable	Office Equipment	Creditor	Capital	Profit and Loss
1
2
4
7
9
11
13
17
19
22
29