Douglas Malone started CityBnB, which is a bed and breakfast in Vancouver. City BnB offers accommodations and breakfast to travelers exploring the city. The following are the transactions for the month of August.
a. On August 1, purchased an IKEA bed for $400 cash. 

b. On August 7, discussed the prices of staying at City BnB with a customer over the phone. 

c. On August 13, rented a room to a family and billed them $600 on credit. 

d. On August 14, purchased and used cleaning services for $300 on credit. 

e. On August 31, invested $25,000 cash into the business.

Required
For each transaction, complete the analysis and determine the journal entry analysis. Use the template below. The first transaction has been completed for you.

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Assets increase. Assets decrease. Debit the furniture account for $400. Credit the cash account for $400. a. Analysis Journal entry analysis Continue...