Transaction List 1

Capital $10,000

Purchased goods from Courts by cheque $5,000

Sold goods for $500 cash

Purchased goods from C.Walters $250

Purchased goods on credit from Beauty Wise $1,568

Added $1,500 to capital

Create an Income statement, T-account, and a balance sheet for the transaction list above.

Prepaid 1 month electricity $255

Sold goods to A.Viville $500

Paid Beauty Wise $1000 by cheque

Bought goods on credit from K.Williams $346

Goods returned A.Viville $150

Purchased goods from C.Walters $700