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Transactions 1 . Shiva uses her personal savings of $ 8 0 0 0 0 to invest in her new business, ConTans, which she owns
Transactions
Shiva uses her personal savings of $ to invest
in her new business, ConTans, which she owns alone.
ConTruck takes out a $ loan from a bank to help with additional costs.
Shelving and display cabinets are installed for $
Inventory to stock the shelves is purchased half in cash and half on credit, totaling $
Wages are paid to employees totaling $
Sales are made on credit for $reducing inventory by $
Rent for ConTans is paid in the amount of $
Sales are made in cash for $
This reduces inventory further by $
Half of the Accounts Receivable $ are collected.
An additional $in inventory is purchased with cash.
Cash sales of products result in an additional $ in revenues, and $ of inventory is sold.
An $ loan payment is made.
Accounts payable are paid down by $
Insurance fees of $ are paid.
The period ends with payment of $ in marketing expenses.
give me the journal entries, Related journal entries
Updated Taccounts
Ending Trial Balance
Resulting income statement and balance sheet for the above transactions
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