Financial Accounting: Using the following information add the transactions to T-accounts and Journal transactions. Scenario: You are

Fantastic news! We've Found the answer you've been seeking!

Question:

Financial Accounting: Using the following information add the transactions to T-accounts and Journal transactions.

Scenario: You are the administrative assistant to the Real Art Studio and are required to input financial data into the journal and T-accounts.

Here is the financial data you are working with for the month of November

Date	Transaction
nov 1	Owner put in $15,000 to begin art studio business
nov 2	Investors input $8,000, were granted company stock
nov 3	Bank approved $10,000 loan
nov 4	Canadian Crafter bought craft supplies on account for $499.00 plus tax, invoice number 18-210; 30 days to pay
nov 4	Cash received for creating a business sign for Three Ladies Stained Glass Craft Company for $300 plus tax, invoice number 18-211
nov 5	Paid wages of $800.00
nov 9	Bought supplies from Brushes and Things Co. $700 plus tax on account, PO # 3-781
nov 10	Received partial payment from Canadian Crafters for $200
nov 15	Purchased supplies for $300 plus tax from Business Depot on account, PO # 3-782, 30 days to pay
nov 21	Owner withdrew $1000 for personal use
nov 29	Ran an evening art studio paint class, $900 cash from participants plus tax
nov 30	Paid rent of $1500 plus tax in cash