They arranged with their bank to get a credit card in the name of the partnership with a limit of $$35,000.$ To do this, they both have to sign a personal guarantee.

$\backslash$table$[[$Assets $=,\backslash$table$[[$Liabilities$],[]],$Equity,$],[\backslash$table$[[$Before$],[$transaction$]],,,],[$Transaction$,,,],[\backslash$table$[[$After$],[$transaction$]],,,]]$

$($vi$)$ During their first month of business, they spent $$10,000$ on food ingredients, van fuel, and sundry expenses, all of which were charged to the credit card. All these items were used up in the normal course of business in the month.

Assume that all these got used up in the business operations:

$\backslash$table$[[,$Assets $=,\backslash$table$[[$Liabilities$],[]],$Equity$],[\backslash$table$[[$Before$],[$transaction$]],,,],[$Transaction$,,,],[\backslash$table$[[$After$],[$transaction$]],,,]]$

$($vii$)$ Customers paid a total of $$15,000$ for food provided. A further $$5,000$ was owed by customers who had received food but had not yet paid for it$.$

$\backslash$table$[[,$Assets $+,$Liabilities,Equity$],[\backslash$table$[[$Before$],[$transaction$]],,,],[$Transaction$,,,],[\backslash$table$[[$After$],[$transaction$]],,,]]$

$($viii$)$ One corporate customer paid them a $$2,000$ deposit for catering a reception in the next month.

$\backslash$table$[[,$Assets $=,\backslash$table$[[$Liabilities$],[]],$Equity$],[\backslash$table$[[$Before$],[$transaction$]],,,],[$Transaction$,,,],[\backslash$table$[[$After$],[$transaction$]],,,]]$