Eliza Perry obtained registration to practice as an aesthetic nurse, and spent the month of July 2024 setting up her business — E. Perry, Naturals.

Eliza prepared a new statement of financial position after each transaction which occurred. During July, the following statement of financial positions were prepared.

Required

(a) Describe each of the five transactions that occurred during July 2024.

(b) Eliza is very focused on the environment. As a manager and owner of the business, discuss the actions that she could take to earn a reputation for having sustainable business practices.

(c) Discuss whether you believe that disclosing sustainable business practices enhances the reputation of a business.

Transcribed Image Text:

(1) ASSETS Cash at bank E. PERRY, NATURALS Statement of financial position as at 1 July 2024 EQUITY $42,500 E. Perry, capital (2) ASSETS Cash at bank Equipment Rent in Advance E. PERRY, NATURALS Statement of financial position as at 8 July 2024 LIABILITIES AND EQUITY $25 000 Loan payable 12 500 E. Perry, capital 85 000 (3) $122,500 $42,500 $20 000 102 500 $122 500