Henry Small opened the Smalls Bakery on September $1,2023.$ During the first month of operations, the following transactions occurred. Sept.

I. $1-$ Henry invested $$50,000$ cash in the business.

II$.2-$ The company paid $$1,000$ cash for store rent for September.

III. $3-$Purchased an oven for $$25,000,$ paying $$10,000$ in cash and signing a $$15,000,6-$month, $12\%$ note payable.

IV$.4-$Paid $$1,200$ for a one$-$year accident insurance policy.

V$.10-$Received a bill from the Daily News for advertising the opening of the bakery $$200.$

VI$.20-$Henry withdrew $$700$ cash for personal use.

VII. $30-$The company determined that cash receipts for sales for the month were $$6,200.$

Instructions

Classify the Transactions

Journalise the September Transactions

Open Ledger Accounts and Post the September Transactions

Balance Off the Accounts

Prepare a trial balance of Smalls Bakery at September $30,2023.$