Post the following transactions into the T-accounts below: a)Aug 2, 2024- An entrepreneur, Sharon, invests $2,000 cash
Question:
Post the following transactions into the T-accounts below: a)Aug 2, 2024- An entrepreneur, Sharon, invests $2,000 cash and $3,000 equipment into her new small business. b)Aug 6, 2024- Sharon obtains a $3,000 bank loan. c)Aug 11, 2024- Sharon purchases $1,200 of inventory on account. d)Aug 14, 2024- Sharon completes a $150 cash jewellery repair for Karen. e)Aug 18, 2024- Sharon pays a $220 utilities bill. f)Aug 21, 2024- Sharon completes a $900 sale on account to Hugh. The goods had cost her $400. g)Aug 25, 2024- Hugh pays half of his owed debt to Sharon. h)Aug 29, 2024- Sharon repays $750 of her bank loan. i)Aug 31, 2024- Sharon withdraws $300 cash from her business.
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker