Question: Data for M. Sheffield, interior decorator, are presented as follows. Jan. 2 Invested $14,100 cash in business. 3 Purchased used car for $4,230 cash for

Data for M. Sheffield, interior decorator, are presented as follows. Jan. 2 Invested $14,100 cash in business. 3 Purchased used car for $4,230 cash for use in business. 9 Purchased supplies on account for $705. 11 Billed customers $3,384 for services performed. 16 Paid $494 cash for advertising. 20 Received $987 cash from customers billed on January 11. 23 Paid creditor $423 cash on balance owed. 28 Withdrew $1,410 cash for personal use by owner. Data for M. Sheffield, interior decorator, are presented as follows. Jan. 2 Invested $14,100 cash in business. 3 Purchased used car for $4,230 cash for use in business. 9 Purchased supplies on account for $705. 11 Billed customers $3,384 for services performed. 16 Paid $494 cash for advertising. 20 Received $987 cash from customers billed on January 11. 23 Paid creditor $423 cash on balance owed. 28 Withdrew $1,410 cash for personal use by owner
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