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What's the balance sheet? A. AERL'S STORE 1 On October 1, Earl created an entity named Bee Foods Inc., with a starting capital of 400,000

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What's the balance sheet?

A. AERL'S STORE 1 On October 1, Earl created an entity named Bee Foods Inc., with a starting capital of 400,000 . 2 October 1 , Purchased 200,000 worth of coffee equipment on account, paid 100,000 upfront. 3 October 2, Paid 200,000 for the renovation of the space and 10,000 for the coffee beans. 4 October 3, Received 1,000,000 from the loan approved by the bank. 5 October 4, purchased 75,000 worth of furnitures on account. 6 October 5 , paid 100,000 for the space rental. Monthly space rental is 40,000 . 7 October 6, purchased 2 Macbook Air worth 55,000 each excluding 1,000 shipping fee. 8 October 7 , refunded 1,000 worth of coffee beans and sold the remaining for 90,000 . 9 October 8 , purchased 30,000 worth of coffee beans on account 10 October 9 , paid the remaining balance for the coffee equipment. 11 October 15 , paid 50% of the balance from the furnitures. 12 October 15 Paid salaries for the period, 45,000 13 October 17 Paid Meralco bills, 13,500. 14 October 18 , Sold half of the coffee beans purchased last october 8 15 October 19 , paid 200,000 for the loan 16 October 20, Sales for the day, cash, 50,000. 17 October 21, paid 2,000 for water bill 18 October 31 , bank charges amounting to 5,000 were reflected on the bank statement 19 October 31 , sold 5,000 worth of coffee beans 20 October 31, Earl used 75,000 for personal use. TOTALS A. AERL'S STORE 1 On October 1, Earl created an entity named Bee Foods Inc., with a starting capital of 400,000 . 2 October 1 , Purchased 200,000 worth of coffee equipment on account, paid 100,000 upfront. 3 October 2, Paid 200,000 for the renovation of the space and 10,000 for the coffee beans. 4 October 3, Received 1,000,000 from the loan approved by the bank. 5 October 4, purchased 75,000 worth of furnitures on account. 6 October 5 , paid 100,000 for the space rental. Monthly space rental is 40,000 . 7 October 6, purchased 2 Macbook Air worth 55,000 each excluding 1,000 shipping fee. 8 October 7 , refunded 1,000 worth of coffee beans and sold the remaining for 90,000 . 9 October 8 , purchased 30,000 worth of coffee beans on account 10 October 9 , paid the remaining balance for the coffee equipment. 11 October 15 , paid 50% of the balance from the furnitures. 12 October 15 Paid salaries for the period, 45,000 13 October 17 Paid Meralco bills, 13,500. 14 October 18 , Sold half of the coffee beans purchased last october 8 15 October 19 , paid 200,000 for the loan 16 October 20, Sales for the day, cash, 50,000. 17 October 21, paid 2,000 for water bill 18 October 31 , bank charges amounting to 5,000 were reflected on the bank statement 19 October 31 , sold 5,000 worth of coffee beans 20 October 31, Earl used 75,000 for personal use. TOTALS

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