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W/S-Additional Lecture Discussion The transactions relating to the formation of Momento Shop and its first month of operation are shown below. Prepare an answer sheet

W/S-Additional Lecture Discussion The transactions relating to the formation of Momento Shop and its first month of operation are shown below. Prepare an answer sheet with the following columns, Ignore GST: Transaction Cash Supplies inventory Accounts receivable Inventory Equipment Loan payable Accounts payable Equity - Contributed capital Income Expense a) The shop was organised and the owner invested cash of $8,000 b) The shop borrowed $5,000 from the bank. Purchased a 6-months of shop supplies inventory

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