The following transactions occurred in the opening and operation of Bryons Delivery Service. Complete a transaction analysis
Question:
Transaction A: Bryon Orn opened the delivery service by investing $50,000 from his personal savings account.
Transaction B: Purchased used delivery trucks on account, $7,000.
Transaction C: Rent expense due but unpaid, $1,200.
Transaction D: Received cash for delivery, $1,700.
Transaction E: Billed a client on account, $150.
Transaction F: Bryon withdrew cash for personal use, $100.
The chart of accounts for the shop includes Cash; Accounts Receivable; Delivery Truck; Accounts Payable; Bryon Orn, Capital; Bryon Orn, Withdrawals; Delivery Fees Earned; and Rent Expense.
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